Cuscaden Peak, held by Mapletree Investments and CLA Real Estate Holdings, became the sponsor of Paragon REIT in April 2022, after the completion of the acquisition of Singapore Press Holdings' non-media assets.
Cuscaden Peak, the sponsor of Paragon REIT, is offering to privatise the REIT at 98 cents per unit, a premium over the Feb 10 closing price of 89 cents.
In addition, the REIT will pay 2HFY2024 cash distribution of 2.33 cents.
