Singapore's Straits Trading to sell South Korea logistics asset for about $296 million
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Singapore-listed Straits Trading Company has agreed to sell a logistics property in South Korea for approximately S$378 million ($296 million) through its joint venture, Sky Logis Private Real Estate Investment. The buyer is a major South Korean financial institution acting as trustee of a private trust. Straits Trading holds a 47.3% interest in Sky Logis, and the sale is expected to complete on January 29, pending regulatory clearances and other conditions.
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