KUALA LUMPUR: Bandar Raya Developments Bhd (BRDB) is selling its “CapSquare” office Tower 2 (OT2) to Germany-based Union Investment Real Estate Aktiengesellschaft (UIRE) for RM439.3 million to unlock the value of the asset. At RM439.3 million, the 41-storey building with a net saleable area of 600,000 sq ft changed hands at about RM732 per sq ft. The tower is due for completion by 2010.
(01-01-2008 The Edge)
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