<div class=newsTextDataWrapInner><p>SINGAPORE (May 23): CapitaLand Commercial Trust (CCT) has proposed to acquire the remainder 60% interest in Grade A office tower CapitaGreen for S$393 million.</p></div>

<div class=newsTextDataWrapInner><p>CCT currently owns a 40% interest in units in MSO Trust, a special purpose sub-trust that holds CapitaGreen.</p></div>

<div class=newsTextDataWrapInner><p>CapitaLand owns 50% interest in MSO Trust, while Mitsubishi Estate Asia (MEA) owns the remaining 10%.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>CCT intends to exercise a call option to acquire the respective stake from CapitaLand and MEA, subject to the approval of the their unitholders.</p></div>

<div class=newsTextDataWrapInner><p>Upon completion of the proposed acquisition, CCT will own 100% of CapitaGreen through MSO Trust.</p></div>

<div class=newsTextDataWrapInner><p>As at March 31, 2016, CapitaGreen's occupancy was 92.8% with leases to expire only from 2018 onwards.</p></div>

<div class=newsTextDataWrapInner><p>CCT ended flat at S$1.38 last Friday.</p></div>


SINGAPORE (May 23): CapitaLand Commercial Trust (CCT) has proposed to acquire the remainder 60% interest in Grade A office tower CapitaGreen for S$393 million.

CCT currently owns a 40% interest in units in MSO Trust, a special purpose sub-trust that holds CapitaGreen.

CapitaLa...

CapitaLand Commercial Trust proposes to buy remainder 60% interest in CapitaGreen for S$393 mil

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