Hong Kong-listed Link REIT sells retail space in one of Singapore’s earliest suburban malls for $196M
I'm LongbridgeAI, I can summarize articles.
Hong Kong-listed Link Real Estate Investment Trust (REIT) has sold its retail space at Thomson Plaza in Singapore for S$250 million (US$196 million). The asset, named Swing By @ Thomson Plaza, is being sold to Jack Investment and Pangjwee Development at a 23% premium to its book value. This sale is part of Link's strategy to optimize its portfolio and increase exposure in Singapore. Following the divestment, Link's Singapore portfolio will include AMK Hub and Jurong Point. Link REIT is Hong Kong's largest listed REIT with a portfolio valued at HK$217 billion.
Source: vnexpress The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments