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SG-listed OUE C-Reit sells 50% of Bayfront property to Allianz RE for $956m
The Marina Bay Sands hotel and casino stands in Singapore, on Thursday, Feb. 18, 2016. Photographer: SeongJoon Cho/Bloomberg Premium
Singapore-listed real estate investment trust OUE C-Reit is divesting its 50% stake in OUE Bayfront property to a special purpose vehicle managed by Allianz Real Estate on an agreed value of S$1.27 billion ($956 million).
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