OUE Commercial Reit (OUE C-Reit) is acquiring a majority stake in mixed-use development One Raffles Place from its sponsor OUE Limited for S$1-1.1 billion ($744,1 million – $818.56 million), at an estimated S$2,382 (US$1770) per square foot (psf) of net lettable area, the company said in a regulatory filing on Thursday.
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