divestment
Hyatt Place Memphis sale scrapped as buyer terminates agreement
Hyatt Place Memphis sale scrapped as buyer terminates agreement
The buyer elected to terminate the agreement 16 March at the end of an extended due diligence window.
Acrophyte Hospitality sells Hyatt Place Detroit Livonia for $10m
The divestment frees capital for Acrophyte to reduce debt or acquire new property.
United Hampshire US REIT divests Albany – Supermarket for $32.5m
The divestment consideration is 4.2% higher than the purchase price of $31.3m.
Keppel DC REIT divests Basis Bay Data Centre in Malaysia for $16.9m
The purchaser, however, will only pay the REIT $16.7m.
SingPost to gain $312.1m from Australian freight unit divestment
It sold the unit at an enterprise value of $897.6m.
Paragon REIT divests 85% stake in Australian Mall for $168.3m
The divestment reflects a 5% premium over the independent valuation of $160.3m.
Keppel to divest data centre JV to Keppel DC REIT for $1.38b
The JV owns two data centres.
CICT divests 21 Collyer Quay for $688m to bolster capital
The business trust expects to gain $681.7m from the divestment.
Starhill Global REIT sells Wisma Atria office units for $16.1m
It sold the lots at a 22.2% premium over the most recent valuation.
Singtel sells Dash to Western Union as part of simplification plan
Dash has over 1.4 million users.
CapitaLand Ascott Trust divests Tianjin property at above book value
After the divestment, CLAS will only have four properties in China.
AcroMeta to divest Life Science Incubator for $2.7m
It holds a 70% stake in the company.
Boldtek Holdings disposes stake in Boldtek Projects
It was sold to Yee Wei Meng.
Advancer Global Limited divests G3 Environmental Private Limited
The company, along with two other shareholders of G3, sold it for $22m.
DBS Bank offloads 64,700 shares in Hutchison Port Holdings Trust
Its stake after divestment stood at 0.809%.
Fullerton sells 115,100 units in CapitaLand Ascendas REIT
The divestment will reduce its stake in the REIT to 17.99%.
Keppel's Jencity divests 70% stake in Saigon Sports City Limited
Post divestment, Jencity will still have a 30% stake in SSCL.
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