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  • Citigroup Inc. (NYSE:C) - Moving Forward in Asia

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    Wednesday Nov. 24, 2010 at 13:13 EST
    Citigroup Inc. Moving Forward in Asia. 
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    Citibank Singapore has agreed to lease more than 250,000 sq ft of office space at Asia Square, which will house the United States bank's new corporate office as well as its largest trading floor in the Asia-Pacific region.

    This is the largest leasing transaction in the Central Business District in two years, according to real-estate investment firm MGPA, which owns Asia Square through MGPA Asia Fund III.

    Asia Square's Tower 1, which will be completed next June, is almost 50 per cent let. Apart from Citi, the biggest tenant of this 1.26-million-sq-ft office block, other secured tenants include law firm White & Case and Swiss private bank Julius Baer.

    Shares of Citigroup Inc. are trading at $4.17 today at gain of 1.5%. The resistance levels above are $4.25 & $4.47. The support levels below are at $4.1, $3.95 and $3.83. Citigroup Inc. (NYSE:C) was in news earlier this month as it was Under Scrutiny by SEC.

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