The consideration sum represents a 219% premium to CLAR’s purchase price of $11.1 million in March 2005. The figure also represents a 55% premium to the property’s market valuation of $22.8 million as at Dec 31, 2022.
The manager of CapitaLand Ascendas REIT (CLAR) (SGX:A17U
) has announced the divestment of Singapore industrial building KA Place for a consideration of $35.38 million.
According to an April 20 filing, the REIT’s trustee, HSBC Institutional Trust Services (Singapore), has entered into a sale and purchase agreement to sell KA Place to KA Place SPV 1.
