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BRIEF-Capitaland Commercial Trust says CCT to divest One George Street
May 2, 2017 / 12:37 AM / 5 months ago

BRIEF-Capitaland Commercial Trust says CCT to divest One George Street

May 2 (Reuters) - Capitaland Commercial Trust :

* CCT to divest one george street into a limited liability partnership and own 50.0% interest thereafter

* Agreed value of one george street of S$1,183.2 million or S$2,650 per square foot (psf) based on building’s net lettable area

* CCT is expected to recognise an estimated gain of S$84.6 million on the divestment of the property on a 50.0 pct basis Source text for Eikon: Further company coverage:

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