Wednesday, August 29, 2007

CapitaLand Buys Remaining 50% Stake In Eureka Office Fund

Source : Channel NewsAsia, 28 August 2007

SINGAPORE : CapitaLand has acquired the remaining 50 percent stake in Eureka Office Fund for S$590.6 million.

The fund owns the commercial building known as 1 George Street and 163 strata-titled units in The Adelphi.

It also owns a 20 percent interest in Temasek Tower.

CapitaLand says the transaction is not expected to have any material impact on its net tangible assets or earnings per share for this financial year. - CNA/ch

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