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CapitaLand Commercial to buy Singapore office tower from BlackRock for $1.55 bln
September 21, 2017 / 5:48 AM / 3 months ago

CapitaLand Commercial to buy Singapore office tower from BlackRock for $1.55 bln

SINGAPORE, Sept 21 (Reuters) - CapitaLand Commercial Trust said on Thursday it was buying an office tower in Singapore’s financial district for for S$2.1 billion ($1.55 billion) from BlackRock Inc, the world’s largest asset manager.

The deal for Asia Square Tower 2 comes a little more than a year after BlackRock sold the larger Tower 1 to the Qatar Investment Authority for $2.5 billion in Singapore's largest office transaction. (reut.rs/2fkbeBb)

$1 = 1.3523 Singapore dollars Reporting by Aradhana Aravindan; Editing by Raju Gopalakrishnan

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