Business
Straits Trading unit to divest South Korea logistics property for 432 billion won
The Straits Trading Company is divesting a freehold logistics facility in Incheon, South Korea, for 432 billion won (S$377.6 million) as…
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divest
Business
CICT to divest Bukit Panjang Plaza for S$428 million
The sale is being undertaken to optimise the Reit’s portfolio and to give it greater financial flexibility CapitaLand Integrated…
Business
CapitaLand India Trust to divest 20.2% stakes in three data centre assets for seven billion rupees
CapitaLand India Trust (Clint) has entered into definitive agreements to divest 20.2 per cent of its stakes in three data centre assets…
Business
Acrophyte Hospitality Trust unit to divest Hyatt Place Primacy Parkway hotel for US$7.8 million
ARA USH Chicago, an indirect wholly owned subsidiary of Acrophyte Hospitality Management Trust (AHT), is selling a hotel in the US for…
Business
SingPost to divest 14 HDB units for S$55.5 million
The postal service provider says the properties are ‘non-core’ to its principal business Singapore Post (SingPost) on Tuesday (Nov 11)…
Business
CapitaLand Ascendas Reit to divest logistics property in Australia for S$90 million
Sale consideration is a 17.2% premium to the original purchase price of S$76.8 million when the property was acquired in 2015 CapitaLand…
Business
Mapletree Industrial Trust to divest up to S$600 million of assets over next two years
The manager of Mapletree Industrial Trust (MIT) plans to divest between S$500 million and S$600 million worth of assets over the next two…
Business
First Reit to divest Imperial Aryaduta Hotel & Country Club for 332.2 billion rupiah
Property is a non-core legacy asset within the healthcare-focused Reit’s portfolio that was already identified for disposal First Real…
Business
CapitaLand India Trust unit to divest two assets in Chennai, Hyderabad for 11 billion rupees
The total enterprise value of the sale is about 3 per cent higher than the aggregate of the independent valuations The trustee-manager of…
Business
Mapletree Logistics Trust to divest logistics property in Australia for A$60 million
Its manager says the capital freed up will give MLT room to pursue investment openings in modern, high-spec facilities with more growth…
Business
Lendlease Global Commercial Reit to divest office component of Jem to Keppel for S$462 million
Lendlease Global Commercial Reitwill be divesting the office component of the Juong commercial-retail development Jem to Keppel for S$462…
Business
Keppel shares up 5.5% on H1 earnings growth and plan to divest S$14.4 billion of non-core assets
Year to date, it is up 25.1% from its closing price on the last trading day of 2024 Shares of Keppel rose on Thursday (Jul 31) morning…
Business
Keppel shares up 6.1% on H1 earnings growth and plan to divest S$14.4 billion of non-core assets
Shares of Keppel rose on Thursday (Jul 31) morning after the asset manager said H1 net profit grew 24.2 per cent and that it planned to…
Business
Mapletree Logistics Trust to divest South Korean property for S$7.4 million
The proposed divestment is in line with its manager’s drive to rejuvenate its portfolio by letting go of assets no longer aligned with its…
Business
FLCT to divest commercial building in Australia for A$192.1 million, exiting Melbourne CBD office market
Frasers Logistics & Commercial Trust (FLCT) will divest an office building in Melbourne’s Central Business District (CDB) for A$192.1…
Business
CapitaLand China Trust to divest retail property for 748 million yuan
CapitaLand China Trust (CLCT), a CapitaLand Investment subsidiary, is set to raise up to 748 million yuan (S$134.9 million) through the…
Business
Keppel Infrastructure Trust to divest 24.6% stake in Australian bus service business for A$130 million
Keppel Infrastructure Fund Management, the manager of Keppel Infrastructure Trust (KIT), is divesting a 24.6 per cent stake in an…
Business
Should SingPost divest its headquarters building?
The share price of Singapore Post (SingPost) said it all about investors’ attitude towards the national postal service provider’s latest…
Business
Aims Apac Reit to divest warehouse in Singapore for S$24.4 million
The sale price is a 32.5% premium to the property’s valuation as at Mar 31, 2024 AIMS Apac Real Estate Investment Trust (AA Reit) is…
Business
CapitaLand Ascendas Reit to divest industrial asset in Singapore at S$45.3 million premium
CAPITALAND Ascendas Reit (Clar) is divesting an industrial property at 21 Jalan Buroh in Singapore for S$112.8 million. This is nearly…