Asia Square Tower 2

Outlook mixed for CapitaLand Commercial Trust
SINGAPORE (Oct 23): CapitaLand Commercial Trust (CCT) on Friday announced its 3Q17 results. DPU rose 2.6% y-o-y to 2.36 cents. This was due to lower operating expenses, stronger performance from CapitaGreen as well as a one-off gain. See: CapitaLand Commercial Trust posts 2.6% rise in 3Q DPU to 2.36 cents Although the group saw an increase in DPU, Daiwa is still maintaining its ...
Look forward to value creation for CapitaLand Commercial Trust
SINGAPORE (Oct 20): Maybank Kim Eng is maintaining its “buy” call on CapitaLand Commercial Trust with a target price of $1.77, advising investors to look beyond potential DPU dilution and focus on value creation from the redevelopment of Golden Shoe Carpark and active management of Asia Square Tower 2. In a Friday report, analyst Derrick Heng expects active asset management of AST2 to ...
CapitaLand Commercial Trust could see DPU boost despite initial dilution: OCBC
SINGAPORE (Sept 26): OCBC Investment Research is keeping its “hold” recommendation on CapitaLand Commercial Trust (CCT) with a lower fair value estimate of $1.65 from $1.69 previously. This follows the trust’s announcement last week of its acquisition of Asia Square Tower 2 from BlackRock for a total of $2.15 billion, which the trust intends to fund via equity, debt, and its divestment ...
Asia Square Tower 2 acquisition seen by analysts as mostly positive for CCT
SINGAPORE (Sept 22): CapitaLand Commercial Trust (CCT) is acquiring Asia Square Tower 2 in Marina Bay from US asset management firm BlackRock for $2.09 billion, or $2,689 psf. It is the latest in recent blockbuster deals in Singapore's office market, and comes a little more than a year after BlackRock sold the larger Tower 1 to the Qatar Investment Authority for $3.4 billion, or $2,720 ...
CapitaLand Commercial Trust to buy Asia Square Tower 2 for $2.15 bil
SINGAPORE (Sept 21): CapitaLand Commercial Trust is buying Asia Square Tower 2 from American asset manager BlackRock Inc for a total of $2.15 billion. The agreed value for the 46-storey Grade A office building, located in Singapore’s Marina Bay financial district, is at $2.09 billion, or $2,689 psf. CCT says it plans to fund the acquisition, which will be one of Singapore’s largest real ...
CapitaLand Commercial Trust kept at ‘buy’ with sale of One George Street
SINGAPORE (May 2): DBS is maintaining its “buy” call on CapitaLand Commercial Trust with a target price of $1.69 after the latter announced this morning that it was divesting One George Street (OGS) to One George Street LLP (OGS LLP) a limited liability partnership but will own a 50% interest in the JV. (See also: CapitaLand Commercial Trust to divest One George Street into 50%-held JV ...
BlackRock said to explore sale of Asia Square Tower 2
(Nov 4): BlackRock Inc., the world’s largest asset manager, is exploring a sale of its second office tower in Singapore’s central business district, people with knowledge of the matter said. BlackRock has started reaching out to potential buyers to gauge their interest in Asia Square Tower 2, according to the people, who asked not to be identified as the information is private. The ...