CapitaLand Commercial Trust divests Wilkie Edge to Lian Beng for $280 mil

SINGAPORE (July 3): CapitaLand Commercial Trust (CCT) is selling Wilkie Edge to Lian Beng for $280 million or $1,812 psf based on the building’s net lettable area.

Located at the junction of Wilkie Road and Selegie Road, Wilkie Edge is a 12-storey integrated development comprising office and retail units as well as a serviced residence, Citadines Mount Sophia, which is leased to Ascott Residence Trust for 96 years from Nov 17 2008.

Wilkie Edge has a lease expiring on Feb 20 2105 with a total net lettable area of 154,528 sf.

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