Twenty Anson (Photo: CapitaLand Commercial Trust)

Singapore-listed office REIT, CapitaLand Commercial Trust (CCT), has entered into an agreement to dispose Twenty Anson for SGD516 million (USD380 million).

The 20-storey office building, which is is located close to Singapore’s central business district (CBD), will be sold to an unrelated third party, said the REIT.

CCT acquired the property for SGD430 million in 2012 and as such, the sale consideration represents a premium of 20% over the original purchase price.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.