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.

Starhill Global REIT sold office strata lots in Wisma Atria with a net lettable area of 7,653 square feet for $16.1m, or $2,100 per square foot (psf).

The REIT said it sold the lots on Level 12 of the office tower at a 22.2% premium over the most recent valuation.

In a bourse filing, the REIT said it already completed the sale of the lots and received the sale consideration.

The REIT will use net proceeds from the divestment to reduce debt, support working capital, fund future acquisitions, and/or make distributions to unitholders.

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