First REIT Announces Conditional Sale and Purchase Agreement for Divestment of PT Karya Sentra Sejahtera Shares
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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.
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