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property divestment
REITs
United Hampshire US REIT lowers sale consideration for divestment of self-storage properties to US$45.5 mil
The new consideration is around 2.5% above the properties’ valuation as at Dec 31, 2021.
April 19, 2022
REITs
ARA US Hospitality Trust to sell Hyatt Place Chicago Itasca for US$7.8 mil
The divestment would have lifted the trust’s FY2021 DPS to 0.371 US cents from 0.355 US cents on a pro forma basis.
March 17, 2022
REITs
FLCT to divest Cross Street Exchange for $810.8 mil
The consideration amount represents a 28.3% premium to the leasehold property’s book value of $632.0 million as at Sept 30, 2021.
January 25, 2022
REITs
CICT divests JCube to CapitaLand Group subsidiary for $340 mil as an interested person transaction
According to CICT, the divestment is part of its strategy to “deliver stable and sustainable returns to unitholders”.
January 25, 2022
Property
CapitaLand Development divests Hanoi Grade A office building for $751 mil
The amount was said to be made at a premium to book value, according to CLD.
January 20, 2022
REITs
ESR-REIT divests 28 Senoko Drive for $12 mil
The property was acquired by ESR-REIT in 2007 at the same sale consideration of $12.0 million.
January 10, 2022
REITs
FLCT to divest leasehold property in Port Melbourne for $41.7 mil
The estimated net proceeds will come in at around A$38.5 million after taking into account divestment fees.
December 03, 2021
Company in the news
Keppel T&T divests entire stake in Wuhu Sanshan Port for $36 mil
The transaction is expected to take place in 4QFY2021.
November 12, 2021
REITs
ESR-REIT divests Serangoon and Toh Guan Road properties for $53 mil
The consideration represents a 7.1% premium to the properties' acquisition price.
April 28, 2021
REITs
ARA LOGOS Logistics Trust divests Kidman Park for $42.6 mil
The sale is expected to be completed by 1HFY2021.
April 26, 2021