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property divestment
REITs
Cromwell European REIT divests two assets in Finland and Italy for EUR7.2 mil
Both divestments have been completed.
April 29, 2024
REITs
E-LOG REIT to divest Maidstone Street property for A$65.5 mil
The divestment is not expected to have a material impact on E-LOG’s NAV and DPU for FY2024.
April 11, 2024
REITs
Cromwell European REIT completes divestment of Polish office asset for EUR15.9 mil
The divestment of Grojecka 5 is consistent with CEREIT’s previously announced strategy to reduce exposure to non-core markets.
April 03, 2024
REITs
MINT to divest Tanglin Halt cluster for $50.6 mil
The Tanglin Halt cluster contributed about 0.7% to MINT’s gross revenue in the FY2022/2023 ended March 31, 2023.
February 07, 2024
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