Completed divestments include the Ransome’s Wharf site in London, the freehold 8-storey industrial building Cideco Industrial Complex in Singapore, as well as various strata units at Citilink Warehouse Complex, Cititech Industrial Building, Fortune Centre and Sunshine Plaza in Singapore.
City Developments has announced it has divested assets worth more than $600 million last year as part of its capital recycling moves, with several other more in the pipeline.
This total fell short of the company's $1 billion target indicated in early 2024, before the volume of deals across most markets and asset classes withered off.
