OUE to Acquire US Bank Tower in Los Angeles, CA for US$367.5M

As part of its efforts to strengthen its portfolio of commercial properties and enhance long term shareholder value, Overseas Union Enterprise Limited (“OUE” or the “Group”) is pleased to announce it is to acquire the US Bank Tower and related properties Maguire Gardens and a car park facility in downtown Los Angeles. US Bank Tower is a Class A office property at the foot of Bunker Hill. Rising to 1,018 feet, with 72 floors of office accommodation and six levels of underground parking, it has an area of approximately 1.4 million square feet. The building was completed in 1989. US Bank Tower is about 56.3% occupied with a diverse tenant base. The total acquisition price See full press release