Located in Raffles Place, the 21-storey prime office building has a leasehold tenure of 999 years from December 1850 and has a net lettable area (NLA) of 213,000 sq ft. One of the building’s tenants is WeWork Singapore, which has a seven-year lease for the lettable area till 2028.
CapitaLand Integrated Commercial Trust (CICT) has divested 21 Collyer Quay, for $688 million.
A sale and purchase agreement (SPA) was signed with an unrelated third party on Nov 11. The divestment was completed on the same day.
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