Link REIT sells stake in Swing By @ Thomson Plaza for $250m

The property was purchased for $172.5m

Hong Kong listed Link Real Estate Investment Trust (Link REIT) has entered into an agreement with Jack Investment Pte Ltd and Pangjwee Development Pte Ltd for the sale of its property interests in Swing By @ Thomson Plaza, a retail property located in Singapore, for $250m.

The sale of the property is said to be part of Link REIT’s ongoing portfolio optimisation strategy which aims to recycle assets, where appropriate. The purchase price of the property was $172.5m.

The disposal is expected to be completed in the second quarter of 2026.

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