divestment
Singtel divests 0.8% direct stake in Airtel, gaining $0.95b
Singtel divests 0.8% direct stake in Airtel, gaining $0.95b
After the divestment, Singtel’s effective stake in Airtel will be 29.0%.
Mapletree Industrial Trust divests Tanglin Halt assets for $50.6m
The REIT will be selling off five-storey and two-storey flatted factories.
Hiap Hoe sells Melbourne hotel for $83m
The company will use the proceeds to repay bank borrowings and fund working capital.
CapitaLand Ascott Trust to divest Citadines Mount Sophia for $148m
The REIT expects to receive net proceeds of $138.6m from the divestment.
IREIT divests office asset in Barcelona for $35.5m
The sale price was 6.1% above the property’s latest valuation.
CapitaLand Ascendas REIT divests 3 assets in Australia for $64.2m
The REIT will gain net proceeds of $60.8m from the divestment.
Manulife US REIT completes divestment of Park Place in Arizona, US
The divestment is part of the REIT’s recapitalisation plan.
CapitaLand Ascott Trust divests 3 hotels in Osaka, Japan for $99.8m
The trust will recognise a net gain of $10.1m from the divestment.
FCT divests stake in Hektar REIT for $36.7m
The company divested over 140 million units in the REIT.
CLCT divests CapitaMall Shuangjing for $157.8m
Upon divestment, CLCT's portfolio will comprise 19 properties.
ARA US Hospitality Trust divests Hyatt Place Pittsburgh Airport for US$7.7m
The REIT expects to complete the divestment in 1Q24.
CapitaLand Ascott Trust divests 2 hotels in Sydney, Australia for $95.6m
The REIT will recognise a net gain of $12.4m from the divestment.
Cromwell E-REIT divests Italy asset for $135.4m
Viale Europa represents 6.9% of the REIT’s net asset value.
Keppel divests Chengdu development for $94m
It will sell its stake to Vanke Enterprise.
ESR-LOGOS REIT divests 2 Tuas South Avenue 2 for $53m
It will use net proceeds from the divestment to repay outstanding borrowings, amongst others.
CapitaLand divests four properties in France for $64.7m
The divestment is part of CLAS’ ongoing efforts to enhance its portfolio.
Mapletree Logistics Trust divests Japan property for $95.5m
The sale price is 12.2% above the property’s latest evaluation.
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