divestment
ARA US Hospitality Trust to divest hotel asset in Chicago for $10.5m
ARA US Hospitality Trust to divest hotel asset in Chicago for $10.5m
It will be sold to IHP Hospitality.
Olam to divest remaining stakes in ARISE IIP, ARISE IS for $254.55m
This leaves the company with only a 32.4% stake in the ARISE group.
FLCT to divest Cross Street Exchange for $810.8m
The value represents a 28.3% premium over the property’s book value of $632m.
CapitaLand Development divests Vietnam-based Capital Place for $751m
It will redeploy the proceeds from this divestment into higher-yielding assets.
ESR-REIT divests 28 Senoko Drive for $12m
The proceeds will go to repayments, asset enhancements, acquisitions, buy-backs.
City Developments divests Seoul hotel for $1.26b
The proposed divestment will be completed by Q1 2022.
Keppel Land China divests 40% interest in Nanjing Jinsheng
The completion of divestment will take place during the first quarter of 2022.
Far East Hospitality Trust to divest Central Square for $313.2m
A potential incentive fee of up to $18m may be applied.
Beijing Capital considering sale of Singapore waste recycling unit
Sources say the state-owned Chinese firm is in talks with advisers about the potential divestment.
KS Investments divests entire stake in Keppel Smit Towage, Maju Maritime for $133m
The shares will be sold to Rimorchiatori Mediterranei Spa.
SIAEC divests entire 39.2% shares in JV for aircraft parts repair
SIAEC’S stake is pegged at $3.79m (US$ 2.79m).
Keppel divests 100% equity interest in Chengdu Shengshi Jingwei Real Estate
The sale is worth RMB1,561m (S$324m).
Ascendas REIT divests 3 logistics properties in Australia
Proceeds of the divestments are at $128.7m.
Keppel divests of German data centre
Its completion is expected to take place in the third quarter of this year.
Keppel REIT sells 50% stake in first Australian property for A$275m
The firm said this is part of its portfolio optimisation strategy.
CapitaLand divest partial stake in Raffles City to Ping An Insurance
The divestment deal amounts to CN¥46.7b.
Keppel sells stake in Thai firm ARIP for TH฿60.7m
ARIP will also cease to be an associate company of Keppel.
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