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Perennial buys out partner to take full control of Capitol project

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Perennial buys out partner to take full control of Capitol project

Samantha Chiew Published on Mon, Mar 12, 2018 / 8:07 AM GMT+8

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SINGAPORE (Mar 12): Perennial Real Estate Holdings (PREH) is acquiring from Chesham Properties the remaining 50% stake in three associated companies which hold the assets of Capitol Singapore.

On completion of the acquisition, Perennial shall pay Chesham and its affiliates a total of approximately $528 million.

The associated companies are Capitol Investment Holdings, Capitol Retail Management and Capitol Hotel Management.

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