Home Capital Broker's Calls

Perennial's full ownership of Capitol Singapore a big step towards unlocking value: CIMB

PC Lee
PC Lee3/13/2018 11:59 AM GMT+08  • 3 min read
Perennial's full ownership of Capitol Singapore a big step towards unlocking value: CIMB
SINGAPORE (Mar 13): CIMB views Perennial Real Estate's purchase of the remaining 50% stake in The Capitol Singapore from Chesham Properties as a big positive.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Mar 13): CIMB views Perennial Real Estate's purchase of the remaining 50% stake in The Capitol Singapore from Chesham Properties as a big positive.

This "signals the resolution of the deadlock on the project and progress can now be made to unlock value and returns from this iconic development," says CIMB analyst Lock Mun Yee in a Monday report.

Perennial Real Estate announced it will purchase the remaining 50% stake in The Capitol Singapore from Chesham Properties for $129.6 million, based on a property value of $1.028 billion, 2.6% above the Dec 17 valuation.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now