CapitaLand cuts negotiations to purchase Asia Square Tower 1

It aims to explore opportunities fitting the Group’s strategy.

After confirming its negotiations with the seller of Asia Square Tower 1 for a potential deal last Oct 14, the real estate company has stated that it is no longer in talks to acquire the property.

According to a statement by CapitaLand, it will continue to explore opportunities which fit in the Group's strategy and the terms of which allow the Group to generate the required returns.

Had the transaction pushed through, analysts say it would have been the largest office deal in Singapore.
 

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!