Suntec REIT divests Suntec City office strata units for $197 mil; acquires The Minster Building in London for $667.2 mil

The manager of Suntec REIT has divested a portfolio of office strata units spanning 78,491 sq ft at Suntec Tower One and Two for $197 million.

The manager, on June 29, entered into sale and purchase agreements (SPAs) with unrelated third party purchasers who are wholly-owned by the same parent.