CapitaCommercial Trust (CCT) is selling the StarHub Centre to Frasers Centrepoint for S$380 million in cash. StarHub Centre is a 10-storey non-Grade A office building with retail space next to FCL's Centrepoint mall. It currently has a committed occupancy of 68.2 per cent and some 280,000 square feet of lettable space. The current lease for the site expires in January 2095. CCT disclosed that it has...
Starhub Centre
CapitaCommercial Trust says it has yet to make a decision on its StarHub Centre property. It says it is evaluating all options for its asset plan for the property and has not arrived at any decision at this point. As part of the evaluation process, CCT says it conducted a non-legally binding expression of interest exercise to ascertain interest for the sale of the property. It adds that there is no...