SINGAPORE (Sept 11): OUE property group is planning to dispose the office components of OUE Downtown to OUE Commercial Real Estate Investment Trust (OUE C-REIT) for $908 million on a willing-buyer and willing-seller basis.

OUE, the sponsor of says OUE C-REIT, says the acquisition will unlock capital for higher growth reinvestment opportunities, provide a capital efficient platform for the company to pursue its corporate strategy and help it derive stable income.

Located on Shenton Way in the Central Business District, the properties are part of OUE Downtown, a recently refurbished landmark mixed-use development comprising two highrise towers, being a 50-storey building (OUE Downtown 1) and a 37-storey building (OUE Downtown 2).

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