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property divestment
REITs
MLT to divest 1 Genting Lane for $12.3 mil
Upon completion, MLT’s portfolio will consist of 179 properties.
December 16, 2024
REITs
AIMS APAC REIT to divest 3 Toh Tuck Link for $24.4 mil
The sale consideration represents a 32.5% premium to the property’s valuation of $18.4 million as at March 31.
December 10, 2024
REITs
MLT to divest two properties in Japan for JPY4.3 bil
According to the trust, the divestments are in line with the manager’s efforts to “rejuvenate” its portfolio through selective divestments.
November 27, 2024
REITs
Elite UK REIT to divest Hilden House for GBP3.3 mil
The five-storey Hilden House sits on a 0.32 hectare site with 50,841 sq ft of net internal area. It is currently vacant.
November 27, 2024
REITs
CICT divests 21 Collyer Quay for $688 mil
After accounting for divestment-related expenses, CICT will net $681.7 million in proceeds.
November 12, 2024
REITs
Starhill Global REIT to divest office strata lots in Wisma Atria property
The disposal of the property, which comprises approximately 7,653 sqf of net lettable area, had a sale consideration of $16.1 million.
October 28, 2024
REITs
CapitaLand Ascott Trust to divest Somerset Olympic Tower Tianjin under portfolio reconstitution strategy
Somerset Olympic Tower Tianjin, which comprises 185 units, is expected to be divested at above book value. Photo: CLAS
October 22, 2024
Property
CapitaLand Ascott Trust divests Citadines Karasuma-Gojo Kyoto for JPY6.18 bil
The 124-unit property was divested at 40.1% above book value at an exit ebitda yield of about 0.3%.
October 09, 2024
REITs
Elite UK REIT to divest Scotland corporate office at 41.7% premium above valuation
The property is currently vacant, and has a sale consideration of GBP1,275,000.
October 02, 2024
REITs
MLT completes divestment of Flexhub in Malaysia
On Nov 10, 2023, the REIT announced that it had entered a sale and purchase agreement for the divestment of Flexhub.
September 23, 2024