SINGAPORE (June 29): The manager of CapitaLand Commercial Trust (CCT) announced it will be divesting Twenty Anson for a consideration of $516.0 million or $2,503 psf.

The 20-storey office building located in Tanjong Pagar will be sold to an unrelated third party and the transaction is expected to be completed in 3Q18.

As at Mar 31, Twenty Anson has a committed occupancy of 94.3%, with Toyota Motor Asia Pacific, BlackRock Advisors Singapore and BCD Travel Asia Pacific as its top three tenants. It accounted for about 3% of CCT’s net property income.

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