CapitaCommercial Trust mum on potential One George Street sale

There is no guarantee of a deal.

CapitaCommercial Trust neither confirmed nor denied reports that it is looking to sell a prime office building in Singapore’s Central Business District.

One George Street, which was valued at $975m in 2014, was bought by CCT in 2008 for $1.17 billion.

CapitaLand Commercial Trust Management Limited (CCTML), the manager of CCT, said today that evaluating asset plans for CCT’s properties is part of its ordinary course of business.

“The portfolio and asset plans include acquisition and development, as well as divestment and asset enhancement of any of its assets. There is no certainty or assurance of any plans materialising. As and when there are material developments, CCTML will make the announcements on SGX-ST as and when appropriate in accordance with the Listing Rules of the SGX-ST,” CCTML said.