Perennial divests entire 30% stake in 111 Somerset for $155.1 mil
Perennial Real Estate Holdings Limited (Perennial) has divested its entire 30% stake in Perennial Somerset Investors Pte. Ltd (PSIPL) to its 70% shareholder, Simply Swift Limited, for a total consideration of $155.1 million.
Follow us on Facebook and join our Telegram channel for the latest updates. SINGAPORE (Apr 16): Perennial Real Estate Holdings (PREH) has divested its entire 30% stake in Perennial Somerset Investors (PSIPL) to its 70% shareholder, Simply Swift, for a total consideration of $155.1 million.
PSIPL owns 111 Somerset, a prime integrated development in Orchard Road that comprises two premium grade office towers and a retail podium.
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