United Hampshire US REIT divests Albany – Supermarket for $32.5m

The divestment consideration is 4.2% higher than the purchase price of $31.3m.

United Hampshire US REIT (UHREIT) has completed the divestment of Albany – Supermarket for US$23.8m.

The property was sold to Agree Development on 16 January as part of the REIT’s portfolio optimisation and capital recycling strategy.

The divestment consideration of $32.5m (US$23.8m) is 4.2% higher than the purchase price of $31.3m (US$22.9m).

Proceeds from the divestment will be used to repay existing debts, finance capital expenditure, fund potential acquisitions and/or for other general corporate requirements.

Follow the link for more news on

divestment

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia