Asia Square Tower 2 acquisition seen by analysts as mostly positive for CCT
PC Lee • • 3 min read
SINGAPORE (Sept 22): CapitaLand Commercial Trust (CCT) is acquiring Asia Square Tower 2 in Marina Bay from US asset management firm BlackRock for $2.09 billion, or $2,689 psf.
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SINGAPORE (Sept 22): CapitaLand Commercial Trust (CCT) is acquiring Asia Square Tower 2 in Marina Bay from US asset management firm BlackRock for $2.09 billion, or $2,689 psf.
It is the latest in recent blockbuster deals in Singapore's office market, and comes a little more than a year after BlackRock sold the larger Tower 1 to the Qatar Investment Authority for $3.4 billion, or $2,720 psf.
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