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Jurong Point Realty follows peers in Singapore CMBS

Singapore-based Jurong Point Realty (JPR) will follow the example of other property developers like CapitaLand and Ascendas Real Estate by launching a CMBS offering. Local firm Overseas Chinese Banking Corp. is arranging the S$227 million ($134.8 million) deal, to be placed via the Winmall SPV.

The transaction is backed...

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