CCT buying Asia Sq Tower 2 for $2.1 billion

Asia Square Tower Two (right) is seen on Sept 21, 2017.
Asia Square Tower Two (right) is seen on Sept 21, 2017. PHOTO: REUTERS

CapitaLand Commercial Trust (CCT) is acquiring Asia Square Tower 2 in Marina Bay from US private equity giant BlackRock for $2.09 billion, or $2,689 per sq ft.

The purchase of the 46-floor office block does not include The Westin Singapore hotel on the premises.

It is the latest in recent blockbuster deals in Singapore's office market, and comes a little more than a year after BlackRock sold the larger Tower 1 to the Qatar Investment Authority for $3.4 billion, or $2,720 psf.

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A version of this article appeared in the print edition of The Straits Times on September 22, 2017, with the headline 'CCT buying Asia Sq Tower 2 for $2.1 billion'. Print Edition | Subscribe