The wholly-owned subsidiary of SLMC, has on Nov 6, divested its stake in Dalyellup Shopping Centre in Western Australia to an independent third party for a gross sale consideration of A$35.8 million.
Metro Holdings is divesting its stake in a retail property in Western Australia through its holdings in a portfolio of property holdings, and is set to gain $4.1 million.
Metro owns a 30% stake in a portfolio of 18 freehold properties in Australia, through its ownership of 30% of units in SLH Property Trust, Sim Lian Property Trust and Sim Lian Property Trust II. It also owns 30% of Sim Lian — Metro Capital (SLMC), the asset management company for Metro’s Australia Portfolio.
