CapitaLand buys remaining 50% stake in Eureka Office Fund

CapitaLand has acquired the remaining 50 percent stake in Eureka Office Fund for S$590.6 million.

The fund owns the commercial building known as 1 George Street and 163 strata-titled units in The Adelphi.

It also owns a 20 percent interest in Temasek Tower.

CapitaLand says the transaction is not expected to have any material impact on its net tangible assets or earnings per share for this financial year. – CNA/ch

Source : Channel NewsAsia – 28 Aug 2007