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property divestment
REITs
MLT to divest two properties in Malaysia for $15.3 mil
The total sale price is said to be 6.1% above the latest aggregate valuation of 47.3 million ringgit as at Oct 1, 2022.
January 13, 2023
REITs
Starhill Global REIT to divest Daikanyama property in Japan for $18.9 mil
The price translates to a 2.9% premium to the property’s acquisition price.
December 30, 2022
REITs
Cromwell European REIT completes divestment in France for $15.7 mil at 55% premium to latest valuation
The park was independently valued at EUR7.1 million as at June 30.
December 12, 2022
REITs
FLCT completes divestment of Port Melbourne property at lower consideration of $37.5 mil
The new consideration is A$1.0 million lower than the previous consideration of A$42.5 million.
October 25, 2022
REITs
EC World REIT to divest indirect interests in Bei Gang Logistics and Chongxian Port Logistics for $276.0 mil
The divestment is expected to unlock value and reduce the REIT’s gearing.
October 03, 2022
REITs
EC World REIT enters into non-binding MOU for potential sale of logistics properties in China to related third party
The MOU is said to be for the purposes of facilitating negotiations between the parties only.
June 13, 2022
REITs
United Hampshire US REIT lowers sale consideration for divestment of self-storage properties to US$45.5 mil
The new consideration is around 2.5% above the properties’ valuation as at Dec 31, 2021.
April 19, 2022
REITs
ARA US Hospitality Trust to sell Hyatt Place Chicago Itasca for US$7.8 mil
The divestment would have lifted the trust’s FY2021 DPS to 0.371 US cents from 0.355 US cents on a pro forma basis.
March 17, 2022
REITs
FLCT to divest Cross Street Exchange for $810.8 mil
The consideration amount represents a 28.3% premium to the leasehold property’s book value of $632.0 million as at Sept 30, 2021.
January 25, 2022
REITs
CICT divests JCube to CapitaLand Group subsidiary for $340 mil as an interested person transaction
According to CICT, the divestment is part of its strategy to “deliver stable and sustainable returns to unitholders”.
January 25, 2022