Singapore: CapitaLand divests stake in The Nassim for S$411.6m

Singapore: CapitaLand divests stake in The Nassim for S$411.6m

Impression of The Nassim. Credit: CapitaLand

Temasek Holdings-backed property major CapitaLand has disposed of its entire stake in The Nassim for a consideration of S$411.6 million. The divestment sees wholly owned subsidiary CRL Realty sell its 100% stake in Nassim Hill Realty (NHR) to unrelated third-party Kheng Leong Company.

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