HSBC snaps Clarke Quay from CapitaMalls

Property giant CapitaMalls Asia Limited announced on Thursday that the transaction with a subsidiary of HSBC has been completed.

CapitaMalls Asia Limited (CMA) in a report said that it has completed the sale of the company’s wholly-owned subsidiary, Clarke Quay Pte Ltd to HSBC Institutional Trust Services (Singapore) Limited. Intentions on the sale first came out on 9 February 2010.

Famous for its night life and tourist offerings, Clarke Quay is located at Nos. 3A, 3B, 3C, 3D and 3E River Valley Road, Singapore 179020, 179021, 179022, 179023 and 179024.

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