The purchaser is an “unrelated party”, the release notes.
The call option to divest Figtree (SGX:5F4
) Grove Shopping Centre under Paragon REIT has been exercised by the purchaser, with a deposit of about A$9.6 million ($8.14 million) being paid to Figtree Trust according to a filing dated Jan 14.
This comes after Paragon REIT announced that it entered into a put and call option to divest Figtree Grove Shopping Centre at Wollongong, Australia on Nov 22, 2024 for A$192 million, a 5% premium above valuation.
