Figtree Grove Shopping Centre

REITs

Paragon REIT to divest 85%-owned Figtree Grove Shopping Centre in Australia at 4.9% above valuation

Upon completion of the divestment, Paragon REIT’s portfolio will comprise three prime retail properties across Singapore and Australia.

M&A

SPH REIT acquires 85% stake in Australian shopping centre for $175.1 mil

SINGAPORE (Dec 18): In its first foray overseas, SPH REIT says that it is acquiring an 85.0% interest in an Australian property, Figtree Grove Shopping Centre, for a consideration of A$175.1 million ($175.1 million) from an unrelated third party, Swordfi
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