CapitaLand divests 70% stake in SG’s Westgate for $291.6m

CapitaLand divests 70% stake in SG’s Westgate for $291.6m

Westgate in Singapore. Source: CapitaLand.

Singapore-headquartered real estate company CapitaLand Limited will be selling 70 percent of its stake in Infinity Mall Trust (IMT) that holds Westgate, a retail and office development in Singapore’s Jurong Lake District for S$397.6 million ($291.6m), the company announced.

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