Sunday, March 20, 2011
Keppel Land fund, NTUC Income buy S’pore office complex for RM2.1b
The Malaysian Insider, 20 Mar 2011SINGAPORE, March 20 — Keppel Land’s Alpha Investment Partners and Singapore insurer NTUC Income have bought a prime office complex in the city-state for about S$889 million (RM2.1 billion), Keppel Land said today.The price paid for Capital Square, a 16-storey office tower with two rows of shophouses, works out to about S$2,300 per square foot. The complex’s