CapitaLand Integrated Commercial Trust, which already owns 45% of the commercial component of the CapitaSpring building, agreed with the private development arm of CapitaLand Group and Mitsubishi Estate Co. to buy out their respective 45% and 10% interests, according to exchange filings Tuesday. Both the REIT and CapitaLand Development are backed by Singapore state investor Temasek Holdings Pte.

The acquisition has long been floated, although as recently as May the REIT’s management told a conference that there was “no rush” to acquire the remaining stake. Singapore’s office deals market has been relatively subdued in recent quarters as high valuations deterred investors.