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2026
CapitaLand and IOI Properties in talks to acquire One Raffles Place
Market sources say CapitaLand and IOI Properties Group are close to an agreement to acquire the One Raffles Place office and retail complex in Singapore's central business district, potentially via a joint venture, at a price possibly slightly below S$2.4 billion. The property is currently 81.54% held by OUE REIT, with the remainder held by UOL Group's Khattar Holdings and UOB. IOI Properties has not yet responded.