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property disposal
Property
Roxy-Pacific sells land at Mavis Street, Australia for A$10.8 mil
The sale is not expected to have a material impact on Roxy-Pacific’s consolidated earnings and NTA per share for the current FY.
March 15, 2021
Property
Koufu to dispose properties at Woodlands Terrace for $11.8 mil
Shares in Koufu closed flat at 66 cents on March 11.
March 11, 2021
REITs
CapitaLand Retail China Trust divests entire interest in Wuhan entity which holds CapitaMall Minzhongleyuan for $52.6 mil
The agreement was signed on Jan 11 by HSBC Institutional Trust Services’ wholly-owned subsidiary Somerset (Wuhan) Investments.
January 11, 2021
Property
Asian Micro Holdings subsidiary to sell Penang commercial office unit for $169,000
The net proceeds from the disposal will be placed in short-term deposits and may be used for the group’s working capital purposes.
January 11, 2021
REITs
AIMS APAC REIT to acquire property in Jurong Innovation District for $129.6 mil
The property, which is located in the Jurong West Logistics Cluster, will be acquired at an initial net property income (NPI) yield of 7.07%. The yield is based on the property’s NPI of $9.2 million in its first year of ownership.
August 11, 2020
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
Abterra corrects earnings from property disposal
SINGAPORE (Oct 14): Abterra has made a correction to the earnings attributable to the disposal of office units at 7 Temasek Boulevard, Suntec Tower 1.
October 14, 2016