divestment
Frasers Centrepoint Trust divests Changi City Point for $338m
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.
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.
Frasers Property completes divestment of Sydney asset
It was sold at a consideration of $309.1m.
ARA US Hospitality Trust to divest hotel asset in Chicago for $10.5m
It will be sold to IHP Hospitality.
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.
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