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Announced

JP Morgan to acquire a 50% stake in One George Street for $472m.

Synopsis

JP Morgan Asset Management, agreed to acquire a 50% stake in One George Street, an office real estate in Singapore, for $472m. The 23-floor Grade A office tower is strategically located in the central business district with access to multiple transport links. It has a green building certification and an occupancy rate of 97% as of September 30.

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