CapitaLand Ascendas REIT to acquire Seagate's The Shugart in one-north for $218.2 mil
https://www.theedgesingapore.com/news/reits/capitaland-ascendas-reit-acquire-seagates-shugart-one-north-2182-mil
2 replies (most recent on top)
need dollars.. so its time to sell assets and then lease them temporary
Upon the completion of the acquisition, Seagate Singapore will enter into a 10-year leaseback of the property’s entire gross floor area (GFA) with the option to renew for an additional 10 years.
I didn't feel good about the building, the first day I came, unpacked the boxes from Flemming.