Market Chatter: Singapore's One Raffles Place Attracts Interest from CapitaLand Investment, IOI Properties

MT Newswires05-28

One Raffles Place is drawing interest from several companies, including CapitaLand Investment (SGX:9CI) and IOI Properties (KLSE:IOIPG), and tycoons, Raj Kumar and Kishin RK, Bloomberg News reported Tuesday.

The office complex is being marketed for more than SG$2.3 billion and comprises two office towers and a retail mall, spanning an area of 65,309 square meters, the report said.

One Raffles Place is jointly owned by OUE REIT (SGX:TS0U) and United Overseas Bank (SGX:U11), the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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