CapitaLand Commercial Trust hints at future plans for 21 Collyer Quay


CapitaLand Commercial Trust (CCT) has hinted that the REIT may either redevelop, refurbish or even divest its property at 21 Collyer Quay once lease for the building expires.

The property is a 21-storey office tower that is currently wholly leased to the Hongkong and Shanghai Banking Corporation (HSBC) Limited.

The REIT acquired the property in 2005 for SGD153.9 million (USD111 million), and it is currently valued at SGD461 million.

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