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ESR-Reit sells eight non-core Singapore properties for $338m
The Straits Times
|December 16, 2025
The manager of ESR-Reit on Dec 15 said it has signed a deal to divest eight non-core Singapore assets for $338.1 million as part of its ongoing portfolio rejuvenation and capital recycling efforts.
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The sale to affiliates of Brookfield Asset Management represents a 2 per cent premium to the independent valuation of the properties as at Nov 30, and is expected to lower distribution.
“By realising value from non-core assets, we continue to reduce the impact of land lease decay on our net asset value,” said Mr Adrian Chui, chief executive officer and executive director of the manager.
The properties at 46A Tanjong Penjuru, 86 and 88 International Road, 120 Pioneer Road, 21 and 23 Ubi Road 1, 24 Jurong Port Road, 13 Jalan Terusan, 60 Tuas South Street 1 and 43 Tuas View Circuit have a remaining weighted average leasehold of 22.4 years as at Sept 30, 2025.
Diese Geschichte stammt aus der December 16, 2025-Ausgabe von The Straits Times.
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