ENTRY INTO SALE AND PURCHASE AGREEMENT FOR ACQUISITION OF 1 GEORGE STREET, SINGAPOREEntry Into Sale and Purchase Agreement • July 8th, 2022
Contract Type FiledJuly 8th, 2022Following the approval of the unitholders of CapitaCommercial Trust (“CCT”) for the acquisition of 1 George Street, Singapore (the “Acquisition”) on 27 June 2008, CapitaCommercial Trust Management Limited, as manager of CCT (the “Manager”), is pleased to announce that HSBC Institutional Trust Services (Singapore) Limited, as trustee of CCT (the “Trustee”), has issued the notice to exercise the call option (the “Call Option”) in connection with the Acquisition. The purchase consideration of the Acquisition is S$1.165 billion (the “Consideration”).