The purchase consideration is based on PPP’s net asset value (NAV), which takes into account the agreed market value of Parkway Parade, which is around $1.38 billion.
Lendlease Global Commercial REIT (SGX:JYEU
) has acquired a 10.0% stake in Parkway Parade Partnership (PPP) at a purchase consideration of around $88.9 million.
PPP indirectly holds 77.09% of the share value in Parkway Parade, an integrated office and retail asset located in Marine Parade.
