Singapore's CapitaLand Integrated to acquire remaining stake in CapitaSpring


SINGAPORE's CapitaLand Integrated Commercial Trust said on Tuesday that it would buy the remaining 55% stake in CapitaSpring from CapitaLand Development and Mitsubishi Estate on an agreed property value of S$1.05 billion ($816.55 million).

CapitaLand Integrated estimates the total acquisition outlay for the office and retail components of the 51-storey integrated development in Singapore's prime central business district at about S$482.3 million.

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