Username
Password
Forget Password?
  1. Indices
  2. Commodities
  3. Currencies
Straits Times 3,134.71 +18.54 +0.59%
Hang Seng 26,664.28 +160.35 +0.61%
Dow Jones 27,024.80 +237.44 +0.89%
Shanghai Composite 2,978.71 -12.33 -0.41%
Ascendas REIT Completes Divestment Of BBR Building
Daily Bulletin | 10 September 2015
Related stocks:
By:

Ascendas REIT (A-REIT) has announced the completion of divestment of 50 Changi South Street 1, BBR Building, to BBR Holdings.

The sale price of $13.9 million is more than double the original price of $6.8 million in 2005. The proforma impact of the divestment on A-REIT’s net property income and distribution per unit for FY15 is approximately $0.86 million and 0.03 cents respectively.

Following the divestment, A-REIT will own 102 properties in Singapore and 2 business park properties in China. The divestment is in-line with the groups’s proactive asset management strategy to selectively divest properties that have reached a stage which offers limited scope for further income growth and to recycle capital and optimize A-REIT’s portfolio.

Ascendas REIT  3.170 +0.06 +1.93%   
Business: Co invests in the real estate markets of Singapore and Australia.

Insight: Apr-19, FY19 gross revenue and NPI inched up 2.8% ... Read More


Join The Conversation
The Shares Investment editorial team welcomes constructive feedback on our coverage and content. We would also be delighted to answer any questions on the above article. Leave us a comment below, and we'll get back to you shortly!

All Rights Reserved. Pioneers & Leaders (Publishers) Pte Ltd. Best viewed with Mozilla Firefox 3.5 and above.