divestment
Mapletree Logistics Trust divests 119 Neythal Road warehouse for $13.8m
The company will complete the divestment by 2Q FY24/25.
Mapletree Logistics Trust divests 119 Neythal Road warehouse for $13.8m
The company will complete the divestment by 2Q FY24/25.
Cromwell Property Group divests its entire CEREIT stake to Stoneweg
It sold 156,233,700 units at €1.52 per unit.
Prime US REIT divests One Town Center to Miles Capital for US$82m
It sold the property below its valuation.
Tuan Sing Holdings unit acquires Fraser Residence River Promenade for $140.9m
Frasers Property Limited expects to complete the divestment by 31 March 2025.
GuocoLand unit sells stake in Eco World International for $61m
The subsidiary held a 27% stake in Eco World International.
Mapletree Logistics Trust divests Tuas property for $10.5m
It sold the 25-year-old property above valuation.
Keppel unit divests shares in Dyna-Mac for $100m
The subsidiary had 23.91% shares in Dyna-Mac.
ARA H-Trust to divest two Hyatt hotels for $42m
The REIT will use net proceeds to repay debt or acquire new properties.
Cromwell European REIT offloads Finnish and Italian assets for $10.5m
The assets were sold for $7.9m and $2.63m, respectively.
OneApex anticipates $5.1m from Tuas Seatown stake sale
The company will sell its entire 30% stake to Amwich.
ESR-LOGOS nets A$65.5m from Australian property sale
The REIT sold the property at a 7.4% premium.
CEREIT navigates illiquid Central Europe market with Warsaw office divestment
The REIT divested the property for $23.1m.
Superloop demands Aussie Broadband to divest shares acquired without IMDA approval
Aussie Broadband acquired a voting power of 19.9% in Superloop.
SATS unit divests aircraft fueling business for US$46m
It was sold to a private direct investment firm.
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.
Read Here
Advertise
Sign Up
Commentary
For higher success with startups, bring independent directors on board
Outdated business continuity plans are putting IT infrastructure at risk