CapitaLand, CapitaMalls Asia and CapitaMall Trust have signed an agreement to sell Westgate Tower (pictured) to a consortium comprising Low Keng Huat (Singapore) and Sun Venture Homes for S$579.4 million.
Located in Jurong Gateway, the 20-storey Westgate Tower is the office component of the Westgate integrated development which includes a shopping mall.
Set to be completed later this year, the office tower comprises 304,963 sq ft of net saleable area. The mall which opened last month has a net lettable area of around 410,000 sq ft.
The buyers have until 24 January to exercise the options.
Image source: CapitaLand
Nikki De Guzman, Junior Journalist at PropertyGuru, wrote this story. To contact her about this or other stories email nikki@propertyguru.com.sg
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