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Singapore's CapitaLand has bought Main Airport Center at Frankfurt for S$392 million ($292.4 million) through a 94.9% owned joint venture, it said in an exchange filing Thursday.
When a high-rise building in Singapore needs to be demolished, contractors don’t come in with a wrecking ball.
In Asia Pacific, real estate has grabbed the headlines several times in 2017 -- from Hong Kong recording the world's highest transaction for a single office block with the sale of The Center for $5.2 billion; to hotel conglomerate Accor's $1.2 billion acquisition of Australia's Mantra Group's portfolio of serviced apartments; and the $1.5 billion sale of Singapore's Asia Square Tower 2 to CapitaLand Investment Trust.