CapitaLand Offers Up $458M Singapore Office Tower

Law360, New York (January 3, 2014, 12:50 PM EST) -- Southeast Asia developer CapitaLand Ltd. on Friday offered a consortium of competing developers a chance to nab a 20-story office tower planned above a shopping mall in Singapore for 579.4 million Singapore dollars (US$457.9 million), the company said.

CapitaLand and its subsidiaries, CapitaMalls Asia Ltd. and CapitaMall Trust Management Ltd., granted developers Sun Venture Homes Pte. Ltd. and Low Keng Huat Ltd. the opportunity to pick up the 304,963 square feet of office space available Westgate Tower through two options.

The first option is to grab...
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