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.