Suntec Reit Divest 9 Penang Road
This is a 10-storey Grade A commercial building with a NLA of 399044 sq ft. Suntec REIT Divests 9 Penang Road for S2955 million. Suntec Reit Sells 30 Interest In 9 Penang Road For S 295 5m Cre Herald Reflects Suntec REITs interest in the property. Suntec reit divest 9 penang road . Based on the latest valuations conducted. DPU remains unchanged as no income contribution from 9 Penang Road was declared in FY 2020. S985m S2468 per sq ft or at an implied stabilised net yield of 33. 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. Suntec REIT Disposes 30 Stake In 9 Penang Road Mixed-use Project. Suntec REIT has divested its 30 interest in a property located at 9 Penang Road to Haiyi Holdings for 2955 million. Commenting on the divestment The divestment of Suntec City Office strata units coming on the back of the recent sale of 9 Penang Road...