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Stamford Land mulls divestment of hospitality properties to go asset light

The Edge Singapore
The Edge Singapore3/27/2021 2:59 PM GMT+08  • 2 min read
Stamford Land mulls divestment of hospitality properties to go asset light
As at Sept 30 2020, its NAV was 65 cents per share, its share price closed at 39 cents on March 26.
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Stamford Land Corporation plans to adopt an asset light strategy by divesting part of its hotel portfolio, while keeping the hotel management business.

The company will then reinvest proceeds from the divestment into what it sees is its core of investment properties, and will continue to expand its development business taking into consideration its track record in development.

The company will continue to explore the expansion of these sectors outside of Australia, New Zealand and the United Kingdom into other mature or developed markets.

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