The approval is required because part of SPH REIT’s portfolio consists of assets in Australia. SPH REIT, in turn, is around two-thirds held by SPH.
Cuscaden Peak, one of the two bidders for Singapore Press Holdings, has cleared all the regulatory hurdles required.
Cuscaden Peak, a consortium formed by Hotel Properties, Mapletree and CLA Holdings, has received on Dec 2 approval from the Foreign Investment Review Board under the Australian Foreign Acquisitions and Takeovers Act 1975.
