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divestment
Property
CapitaLand injects two Shanghai office buildings to discretionary equity fund as seed assets
SINGAPORE (May 24): CapitaLand is injecting two prime Shanghai office buildings into CapitaLand Asia Partners I – the group’s maiden discretionary real estate equity fund which first closed on April 22 this year – as seed assets.
May 24, 2019
Property
Frasers Logistics Trust partially divesting Australian asset for A$15 mil; seeks buyer for remaining components
SINGAPORE (May 16): The manager of Frasers Logistics & Industrial Trust (FLT) says it is divesting the warehouse and hardstand components of 610 Heatherton Road in Victoria, Australia, to Mack Bros Enterprises for A$15 million ($14.2 million).
May 16, 2019
MapletreeLog Trust divests 5 Japan properties for $213 mil
SINGAPORE (Apr 10): Mapletree Logistics Trust (MLT) has divested five properties in Japan to Godo Kaisha T&C for a total sale consideration of JPY 12.5 billion ($213.3 million) in cash.
April 10, 2019
Property
Soilbuild REIT disposes 72 Loyang Way asset for $34.1 mil with remaining lease of 19 years
SINGAPORE (Mar 21): Soilbuild Business Space REIT (Soilbuild REIT) has agreed to sell its industrial property at 72 Loyang Way, and all of its mechanical electrical equipment, to Kim Hock Enterprise for a total consideration of $34.08 million.
March 21, 2019
Malaysia
To shut, sell or refinance Malaysia Airlines? PM Mahathir to decide 'soon'
(Mar 12): The Malaysian government is considering whether to shut, sell or refinance national carrier Malaysia Airlines (MAB), Prime Minister Mahathir Mohamad said on Tuesday.
March 12, 2019
Deals, joint ventures & alliances
SIA Engineering divests 20% stake in Jamco joint venture for $4 mil
SINGAPORE (Jan 30): SIA Engineering Company (SIA EC) has sold its entire 20% stake in Jamco Singapore, to the latter’s majority owner Jamco Corporation for $3.97 million in cash, representing a 43% premium to net value.
January 30, 2019
M&A
FHT said to put up Sofitel Sydney Wentworth for sale
SINGAPORE (Jan 29): Frasers Hospitality Trust (FHT) is putting up Sofitel Sydney Wentworth for sale at a time over A$1 billion worth of hotels are expected to change hands, according to The Australian.
January 29, 2019
Property
Keppel divests 70% interest in Dong Nai Waterfront City for $136 mil
SINGAPORE (Jan 28): Keppel Corporation announced that a wholly-owned subsidiary Keppel Land Limited (KLL), Portsville, is divesting a 70% interest in Dong Nai Waterfront City (DNWC) to Nam Long Investment Corporation for a consideration of VND 2,313 billi
January 28, 2019
M&A
Oxley divests part of Dublin property for $271 mil
SINGAPORE (Jan 28): Oxley Holdings announced that its wholly-owned subsidiary, Oxley Docklands Quay Three, along with National Asset North Quays DAC have entered into a letter agreement with Greystar Europe Holdings for the sale of the long leasehold inte
January 28, 2019