Welcome!
property divestment
Company in the news
CapitaLand Ascendas REIT to divest three Australian logistics properties for $64.2 mil
Net proceeds from the divestment scheduled to complete in 1Q2024 after deducting costs are expected to be $60.8 million.
December 20, 2023
REITs
CapitaLand Ascott Trust divests three hotels in Japan for $99.8 mil
The divestment of the three properties is expected to be completed on 1Q2024.
December 17, 2023
REITs
ARA US Hospitality Trust agrees to sell Hyatt Place Pittsburgh Airport for US$7.7 mil
On a pro forma basis, if the sale had been completed on Jan 1, 2022, the trust’s DPS would have been down to 3.051 US cents.
November 28, 2023
REITs
Mapletree Logistics Trust announces proposed divestments amounting to $54.9 mil
The proposed divestments include a Tuas warehouse in Singapore and two industrial buildings in Johor, Malaysia.
November 10, 2023
REITs
CapitaLand Ascott Trust divests two hotels in Australia for A$109.0 mil
Following the divestment, the trust will net proceeds of A$98.0 million.
November 06, 2023
REITs
Cromwell European REIT completes divestment of Viale Europa 95 for EUR94.0 mil
The sale consideration is 13.1% above the property’s purchase price of EUR83.1 million on Nov 30, 2017.
October 09, 2023
REIT Watch
ESR-LOGOS REIT divests 2 Tuas South Avenue 2 for $53.0 mil
The consideration represents a premium of 35.2% above the property’s valuation of $39.2 million as at Aug 31.
October 02, 2023
REITs
CapitaLand Ascott Trust completes divestment of four properties in France for EUR44.4 mil
Following the completion of the divestment, CLAS has 12 properties in France that are predominantly located in Paris.
September 25, 2023
REITs
Cromwell European REIT to divest asset in Bari, Italy
The property is a large complex that was built specifically to accommodate the military academy of the tax police.
June 15, 2023
REITs
AIMS APAC REIT divests 541 Yishun Industrial Park A for $12.9 mil
The net proceeds from the divestment will be used to repay the REIT’s debt initially.
April 24, 2023