OUE Real Estate Investment Trust said on Oct, 08 2026 that its manager, OUE REIT Management Pte. Ltd., is in an exclusive due-diligence phase with entities linked to IOI Properties Group and CapitaLand Investment for a potential sale of the 81.54 % stake it holds in the One Raffles Place office and retail complex.

The exclusivity follows a market-interest exercise announced on Feb, 20 2026, conducted jointly with United Overseas Bank, which owns the remaining 18.46 % of the property.

OUE REIT stated that negotiations are continuing and no binding agreement has been signed, adding that there is no certainty any transaction will be completed. The trust advised unitholders and investors to exercise caution when dealing in its units and said further announcements will be made if material developments arise.