DBS launches Capital Square securitization

Deal enables Ergo''s purchase of prime Singaporean office development.

DBS Bank is close to completing the S$505 million $285.4 million securitization that will fund the acquisition of the Capital Square commercial development by Ergo - one of Germany's biggest insurance companies - from Keppel Land and Rodamco Asia.

Capital Square, recently valued at $508 million by Colliers International, is located in Raffles Place in Singapore's central business district and is considered to be one of the prime commercial properties in the Lion City. The development, which has close to...

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