divestment
ARA US Hospitality Trust divests Hyatt Place Pittsburgh Airport for US$7.7m
The REIT expects to complete the divestment in 1Q24.
ARA US Hospitality Trust divests Hyatt Place Pittsburgh Airport for US$7.7m
The REIT expects to complete the divestment in 1Q24.
CapitaLand Ascott Trust divests 2 hotels in Sydney, Australia for $95.6m
The REIT will recognise a net gain of $12.4m from the divestment.
Cromwell E-REIT divests Italy asset for $135.4m
Viale Europa represents 6.9% of the REIT’s net asset value.
Keppel divests Chengdu development for $94m
It will sell its stake to Vanke Enterprise.
ESR-LOGOS REIT divests 2 Tuas South Avenue 2 for $53m
It will use net proceeds from the divestment to repay outstanding borrowings, amongst others.
CapitaLand divests four properties in France for $64.7m
The divestment is part of CLAS’ ongoing efforts to enhance its portfolio.
Mapletree Logistics Trust divests Japan property for $95.5m
The sale price is 12.2% above the property’s latest evaluation.
Frasers Centrepoint Trust divests Changi City Point for $338m
The REIT will use the net proceeds from the divestment to repay loans.
EC World REIT extends long stop date for divestment of 2 assets in China
As of date, only RMB333m out of RMB1.4b equity consideration has been prepaid to EC World REIT.
ARA H-Trust sells hotel in Oklahoma for US$8m
The REIT sold the property to Bhanumati LLC.
Manulife US REIT divests property in Oregon for US$33.5m
The REIT sold the property to John Hancock Life Insurance Company.
Keppel unit sells stake in PH mall to BDO for $195.0m
BDO already holds a 50% stake in the mall.
Keppel Land divests shares in Greenfield Development for $75.6m
The shares will go to Spring Blossom Ventures.
Keppel Land unit to divest 100% stake in Willowville for $7.37m
The purchaser of the stake will pay in two tranches.
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.
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