CapitaLand Trust divests office asset into limited liability partnership for $846m

CapitaLand Commercial Trust (CCT) has sold an office property, One George Street building, for S$1.18 billion ($846 million) to a limited liability partnership, One George Street LLP (OGS LLP).

CCT maintains its interest in One George Street building via its 50-per-cent shareholding in OGS LLG. Its joint venture partner OGS (II) Limited, a special purpose vehicle owned by insurer FWD Group, holds the rest.

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