First REIT completes full divestment of 11 Indonesian properties
The sale covers eight hospital and three non-hospital assets.
First REIT has completed the divestment of all its interests in eight hospital assets and three non-hospital assets in Indonesia, it announced in a press release.
As the final step, the group divested 100% of the issued and paid-up share capital of PT NBN, PT BBC, and PT MAM on 20 October.
The group had previously completed the divestment of other hospital target companies and a non-core lease agreement, as announced on 24 September.
First REIT classified the divestments as interested person transactions and major transactions.