<div><div><p>[SINGAPORE] Paragon Reit will suspend trading in its units from 9 am on Thursday (May 15), and bow out of the Singapore Exchange, the manager of the retail real estate investment trust said in a regulatory filing on Wednesday.</p><p>Cuscaden Peak’s Times Properties proposed to take the real estate investment trust private at S$0.98 in February, and the scheme obtained approval from unitholders in April.  </p><p>Created as SPH Reit at its initial public offering in 2013, the retail Reit counts the upscale Orchard Road mall Paragon as its crown jewel.</p></div><div><section><section><p>Copyright SPH Media. All rights reserved.</p><div>Reuse this contentFeedback</div></section></section></div><div><div><div><div id="dfp-ad-imu1"></div></div></div></div></div>

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<p>Paragon Reit will suspend trading on May 15 as it prepares to delist from the Singapore Exchange. This decision follows a proposal from Cuscaden Peak’s Times Properties to take the trust private at S$0.98, which received unitholder approval in April. Established in 2013, Paragon Reit is known for its flagship property, the upscale Orchard Road mall.</p>

Paragon Reit to suspend trading on May 15 ahead of delisting