For S2955 million or S2468 per square foot. Suntec REIT Divests 9 Penang Road for S2955 million.
9 Penang Road Ubs Singapore Penang Singapore Changi Business Park
Committed occupancy for Singapore Overall including ancillary retail.
Suntec reit penang road. Based on the latest valuation conducted. Suntec REIT has divested its 30 stake in 9 Penang Road formerly known as Park Mall to Haiyi Holdings at an agreed property value of 2955 million or 2468 per sq ft psf based on the. ANALYSTS are positive on Suntec Real Estate Investment Trusts Suntec Reit recently announced divestment of its 30 per cent stake in 9 Penang Road to its joint venture.
SUNTEC Real Estate Investment Trust Suntec Reit has sold its 30 per cent interest in 9 Penang Road formerly known as Park Mall to Haiyi Holdings. Ad Learn the basics of REITs before you invest any of your 500K retirement savings. The agreed property value.
Reflects Suntec REITs interest in the respective properties. At an agreed property value of. Singapore 16 June 2021 Suntec REITis pleased to announce the divestment of its 300.
Based on the latest valuations conducted. Suntec REIT announced it had divested its 30 stake in 9 Penang Road to its existing JV partner Haiyi Holdings Pte Ltd at an agreed property value of S2955m 100. Reflects Suntec REITs interest in the property.
In addition Suntec REIT REIT and SingHaiyiHaiyi Group have the rights to acquire a winghalf of 9 Penang Road upon the completion of the development. Suntec REIT has sold its 30 percent stake in Swiss bank UBSs Singapore headquarters for S2955 million 2202 million in a transaction that puts the owners of. Get your free copy of The Definitive Guide to Retirement Income.
Suntec REIT has announced the divestment of its 300 interest in 9 Penang Road to Haiyi Holdings at an agreed property value of SGD2955 million. Achieves 305 Return on Investment. June 17 2021 Suntec REIT announced the divestment of its 300 interest in 9 Penang Road to Haiyi Holdings Pte.
The buyer will pay. Suntec Real Estate Investment Trust has sold its interest in 9 Penang Road formerly known as Park Mall to Haiyi Holdings. Suntec REIT Divests 9 Penang Road.
This translates to a price of 2468 psf based on the. 9 Penang Road is a newly completed Grade A commercial building. In addition to its 30 interest in 9 Penang Road Suntec REIT also holds one-third interests in One Raffles Quay Marina Bay Financial Centre Towers 12 and Marina Bay Link Mall.
Suntec REIT has sold its 30 interest in 9 Penang Road UBS Singapore business hub to Haiyi Holdings Pte. Suntec REIT has divested its 30 interest in a property located at 9 Penang Road to Haiyi Holdings for 2955 million.
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