News
Acquisition Of Wilkie Edge - Legal Completion
CapitaLand Limited's subsidiary, CapitaCommercial Trust Management Limited, the manager of CapitaCommercial Trust, had on 3 December 2008 issued an announcement on the above matter, as attached for information.
In addition, CapitaLand Limited ("CapitaLand") wishes to announce that Citadines Singapore Mount Sophia Pte. Ltd. ("CSMS") (previously known as Ascott Scotts Pte. Ltd.) which is to be issued a registrable long-term lease of the serviced residence component of the mixed-use development at "Wilkie Edge", has taken possession of the serviced residence premises in accordance with an agreement for lease entered into by CSMS with CapitaLand Selegie Private Limited (an indirect wholly-owned subsidiary of CapitaLand) and HSBC Institutional Trust Services (Singapore) Limited as trustee of CapitaCommercial Trust ("CCT"). Details of this agreement were contained in an announcement by The Ascott Group Limited ("Ascott") on 29 August 2007. CSMS and Ascott are indirect wholly-owned subsidiaries of CapitaLand since 28 April 2008. CapitaLand has a 31.02% interest in the units of CCT.
Attachments
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