CapitaLand to acquire Grade A office building for $924m.

CapitaLand, a diversified real estate group, to acquire Grade A office building in the Tanjong Pagar sub-market of Singapore’s central business district for $924m. The property has a net property income yield of 4.0%, based on pro forma annualised January 2022 NPI. The transaction is expected to be completed in 2Q 2022.