property disposal

Oxley divests part of Dublin property for $271 mil

SINGAPORE (Jan 28): Oxley Holdings announced that its wholly-owned subsidiary, Oxley Docklands Quay Three, along with National Asset North Quays DAC have entered into a letter agreement with Greystar Europe Holdings for the sale of the long leasehold interest in part of Blocks B and E, Dublin Landings, North Wall Quay, Dublin 1, Ireland for 175.5 million euros ($270.8 million).

Greystar has been granted exclusivity period until March 4 to conduct comprehensive due diligence on the property.

Abterra corrects earnings from property disposal

SINGAPORE (Oct 14): Abterra has made a correction to the earnings attributable to the disposal of office units at 7 Temasek Boulevard, Suntec Tower 1.

An earlier announcement indicated that the earnings attributed to the disposal was $523,000 for FY15, but the correct figure should be $457,000, according to the company’s filing to the Singapore Exchange on Friday.

Abterra added that the correct figure has been reflected in the circular dispatched to shareholders on Oct 14.

Shares in Abterra closed 9.1% lower at 50 cents on Friday.

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