divestment

Cromwell E-REIT divests Italy asset for $135.4m

Viale Europa represents 6.9% of the REIT’s net asset value.

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.

Frasers Centrepoint Trust divests Changi City Point for $338m

The REIT will use the net proceeds from the divestment to repay loans.

EC World REIT extends long stop date for divestment of 2 assets in China

As of date, only RMB333m out of RMB1.4b equity consideration has been prepaid to EC World REIT.

ARA H-Trust sells hotel in Oklahoma for US$8m

The REIT sold the property to Bhanumati LLC.

Manulife US REIT divests property in Oregon for US$33.5m

The REIT sold the property to John Hancock Life Insurance Company.

Keppel Land unit to divest 100% stake in Willowville for $7.37m

The purchaser of the stake will pay in two tranches.

CapitaLand Investment Limited to divest Queensbay Mall in Malaysia for $300.3m

The value represents a premium of 3.8% to CLI’s valuation in December 2021.

ST Engineering to divest all equity interest in U.S. marine businesses for $21m

Its US subsidiaries are VT Halter Marine and Bollinger Shipyards Lockport, L.L.C..

ESR-LOGOS REIT divests industrial property for $35.3m

The property is located in the Bukit Merah district.

ARA US Hospitality Trust divests 4-property hotel portfolio for US$32.5m

The trust cited three key benefits from the portfolio's sale.

MapleTree Industrial trust divests Michigan data centre for $13.8m

It was sold to a non-interested third-party purchaser.