divestment

CapitaLand Investment Limited to divest Queensbay Mall in Malaysia for $300.3m

The value represents a premium of 3.8% to CLI’s valuation in December 2021.

CapitaLand Investment Limited to divest Queensbay Mall in Malaysia for $300.3m

The value represents a premium of 3.8% to CLI’s valuation in December 2021.

ST Engineering to divest all equity interest in U.S. marine businesses for $21m

Its US subsidiaries are VT Halter Marine and Bollinger Shipyards Lockport, L.L.C..

ESR-LOGOS REIT divests industrial property for $35.3m

The property is located in the Bukit Merah district.

ARA US Hospitality Trust divests 4-property hotel portfolio for US$32.5m

The trust cited three key benefits from the portfolio's sale.

MapleTree Industrial trust divests Michigan data centre for $13.8m

It was sold to a non-interested third-party purchaser.

Keppel to divest its logistics businesses for $80m

This transaction includes Keppel Logistics' businesses in Singapore, Malaysia and Australia.

Olam to divest remaining stakes in ARISE IIP, ARISE IS for $254.55m

This leaves the company with only a 32.4% stake in the ARISE group.

FLCT to divest Cross Street Exchange for $810.8m

The value represents a 28.3% premium over the property’s book value of $632m. 

CapitaLand Development divests Vietnam-based Capital Place for $751m

It will redeploy the proceeds from this divestment into higher-yielding assets.

ESR-REIT divests 28 Senoko Drive for $12m

The proceeds will go to repayments, asset enhancements, acquisitions, buy-backs.

City Developments divests Seoul hotel for $1.26b

The proposed divestment will be completed by Q1 2022.

Keppel Land China divests 40% interest in Nanjing Jinsheng

The completion of divestment will take place during the first quarter of 2022.

Far East Hospitality Trust to divest Central Square for $313.2m

A potential incentive fee of up to $18m may be applied. 

Beijing Capital considering sale of Singapore waste recycling unit

Sources say the state-owned Chinese firm is in talks with advisers about the potential divestment.