OUE completes acquisition of US Bank Tower

Acquisition price was S$459,375,000.

In a release, Overseas Union Enterprise announced that it has completed the acquisition of US Bank Tower and related properties in downtown Los Angeles. 

As previously announced, the acquisition from Library Square Associates, LLC, a subsidiary of MPG Office Trust Inc., a US REIT, was done via the Company's indirect wholly-owned U.S. subsidiary, Beringia Central LLC.

The agreed total acquisition price was US$367,500,000, or approximately S$459,375,000.