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Author: leahlim   |   Latest post: Mon, 16 Dec 2019, 12:26 PM

 

CapitaLand sells The Star Vista for $296 mil

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CapitaLand will sell The Star Vista to Rock Productions, owner of The Star Performing Arts Centre, for $296 million, the property group announced on Nov 20.
The divestment is targeted to be completed by end-2019, and is expected to generate net proceeds of about $145 million, and a net gain of about $32 million for CapitaLand. Based on the latest independent valuation as at June 30, The Star Vista was valued at $262 million.
 
 
 
 

 

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