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property divestment
REIT Watch
ESR-LOGOS REIT divests 2 Tuas South Avenue 2 for $53.0 mil
The consideration represents a premium of 35.2% above the property’s valuation of $39.2 million as at Aug 31.
October 02, 2023
REITs
CapitaLand Ascott Trust completes divestment of four properties in France for EUR44.4 mil
Following the completion of the divestment, CLAS has 12 properties in France that are predominantly located in Paris.
September 25, 2023
REITs
Cromwell European REIT to divest asset in Bari, Italy
The property is a large complex that was built specifically to accommodate the military academy of the tax police.
June 15, 2023
REITs
AIMS APAC REIT divests 541 Yishun Industrial Park A for $12.9 mil
The net proceeds from the divestment will be used to repay the REIT’s debt initially.
April 24, 2023
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