property divestment

REITs

E-LOG REIT to divest Maidstone Street property for A$65.5 mil

The divestment is not expected to have a material impact on E-LOG’s NAV and DPU for FY2024.

REITs

Cromwell European REIT completes divestment of Polish office asset for EUR15.9 mil

The divestment of Grojecka 5 is consistent with CEREIT’s previously announced strategy to reduce exposure to non-core markets.

REITs

MINT to divest Tanglin Halt cluster for $50.6 mil

The Tanglin Halt cluster contributed about 0.7% to MINT’s gross revenue in the FY2022/2023 ended March 31, 2023.

Company in the news

CapitaLand Ascendas REIT to divest three Australian logistics properties for $64.2 mil

Net proceeds from the divestment scheduled to complete in 1Q2024 after deducting costs are expected to be $60.8 million.

REITs

CapitaLand Ascott Trust divests three hotels in Japan for $99.8 mil

The divestment of the three properties is expected to be completed on 1Q2024.

REITs

ARA US Hospitality Trust agrees to sell Hyatt Place Pittsburgh Airport for US$7.7 mil

On a pro forma basis, if the sale had been completed on Jan 1, 2022, the trust’s DPS would have been down to 3.051 US cents.
Mapletree Logistics Trust announces proposed divestments amounting to $54.9 mil to  - THE EDGE SINGAPORE

REITs

Mapletree Logistics Trust announces proposed divestments amounting to $54.9 mil

The proposed divestments include a Tuas warehouse in Singapore and two industrial buildings in Johor, Malaysia.

REITs

CapitaLand Ascott Trust divests two hotels in Australia for A$109.0 mil

Following the divestment, the trust will net proceeds of A$98.0 million.

REITs

Cromwell European REIT completes divestment of Viale Europa 95 for EUR94.0 mil

The sale consideration is 13.1% above the property’s purchase price of EUR83.1 million on Nov 30, 2017.

REIT Watch

ESR-LOGOS REIT divests 2 Tuas South Avenue 2 for $53.0 mil

The consideration represents a premium of 35.2% above the property’s valuation of $39.2 million as at Aug 31.
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