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One likely developer to benefit from acquisition of Asia Square Tower 2

PC Lee
PC Lee3/27/2017 10:46 AM GMT+08  • 2 min read
One likely developer to benefit from acquisition of Asia Square Tower 2
SINGAPORE (March 27): RHB is raising its target price of CapitaLand by 24 cents to $3.84 if reported talks to acquire Asia Square Tower 2 from Blackrock reaches a successful conclusion.
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SINGAPORE (March 27): RHB is raising its target price of CapitaLand by 24 cents to $3.84 if reported talks to acquire Asia Square Tower 2 from Blackrock reaches a successful conclusion.

In a Monday report by RHB, analyst Vijay Natarajan says the acquisition would strengthen CapitaLand's recurring income base and position itself ahead of a potential rebound in Singapore’s office sector.

Media sources reported CapitaLand is currently in exclusive talks with BlackRock for the purchase of Asia Square Tower 2.

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