divestment
CapitaLand Investment to divest 50% stake in ION Orchard to CICT
CapitaLand Investment to divest 50% stake in ION Orchard to CICT
It will have recycled $3.6b in capital year-to-date following the divestment.
Far East Group divests Penang property to Oxford Capital for $716k
The asset comprises a two-storey shophouse.
ESR-LOGOS sells 81 Tuas Bay Drive for $35m, gains 16.7% above valuation
It expects to complete the divestment in Q4 2024.
Mapletree Logistics Trust divests 119 Neythal Road warehouse for $13.8m
The company will complete the divestment by 2Q FY24/25.
Cromwell Property Group divests its entire CEREIT stake to Stoneweg
It sold 156,233,700 units at €1.52 per unit.
Prime US REIT divests One Town Center to Miles Capital for US$82m
It sold the property below its valuation.
Tuan Sing Holdings unit acquires Fraser Residence River Promenade for $140.9m
Frasers Property Limited expects to complete the divestment by 31 March 2025.
GuocoLand unit sells stake in Eco World International for $61m
The subsidiary held a 27% stake in Eco World International.
Mapletree Logistics Trust divests Tuas property for $10.5m
It sold the 25-year-old property above valuation.
Keppel unit divests shares in Dyna-Mac for $100m
The subsidiary had 23.91% shares in Dyna-Mac.
ARA H-Trust to divest two Hyatt hotels for $42m
The REIT will use net proceeds to repay debt or acquire new properties.
Cromwell European REIT offloads Finnish and Italian assets for $10.5m
The assets were sold for $7.9m and $2.63m, respectively.
OneApex anticipates $5.1m from Tuas Seatown stake sale
The company will sell its entire 30% stake to Amwich.
ESR-LOGOS nets A$65.5m from Australian property sale
The REIT sold the property at a 7.4% premium.
CEREIT navigates illiquid Central Europe market with Warsaw office divestment
The REIT divested the property for $23.1m.
Superloop demands Aussie Broadband to divest shares acquired without IMDA approval
Aussie Broadband acquired a voting power of 19.9% in Superloop.
SATS unit divests aircraft fueling business for US$46m
It was sold to a private direct investment firm.
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