Media sources reported CapitaLand is currently in exclusive talks with BlackRock for the purchase of Asia Square Tower 2.
SINGAPORE (March 27): RHB is raising its target price of CapitaLand by 24 cents to $3.84 if reported talks to acquire Asia Square Tower 2 from Blackrock reaches a successful conclusion.
In a Monday report by RHB, analyst Vijay Natarajan says the acquisition would strengthen CapitaLand's recurring income base and position itself ahead of a potential rebound in Singapore’s office sector.
