Cuscaden Peak, one of the two bidders for Singapore Press Holdings, has cleared all the regulatory hurdles required.

Cuscaden Peak, a consortium formed by Hotel Properties, Mapletree and CLA Holdings, has received on Dec 2 approval from the Foreign Investment Review Board under the Australian Foreign Acquisitions and Takeovers Act 1975.

The approval is required because part of SPH REIT’s portfolio consists of assets in Australia. SPH REIT, in turn, is around two-thirds held by SPH.

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