First REIT Announces Conditional Sale and Purchase Agreement for Divestment of PT Karya Sentra Sejahtera Shares
First Real Estate Investment Trust (First REIT) has announced a conditional sale and purchase agreement for the divestment of 100% of PT Karya Sentra Sejahtera shares to PT Lippo Karawaci Tbk's subsidiaries. The transaction is valued at approximately S$25.9 million, with expected net proceeds of about S$25.5 million after fees. This divestment aims to optimize First REIT's capital structure and enhance returns for unitholders.
First Real Estate Investment Trust announced that its subsidiaries have entered into a conditional sale and purchase agreement with subsidiaries of PT Lippo Karawaci Tbk for the proposed divestment of 100% of the issued and paid-up share capital of PT Karya Sentra Sejahtera. The transaction is valued at approximately S$25.9 million, subject to post-completion adjustments, with net proceeds expected to be about S$25.5 million after fees and expenses. The divestment aims to optimize First REIT’s capital structure and enhance returns for unitholders. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. First Real Estate Investment Trust published the original content used to generate this news brief on October 17, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here
