OUE Real Estate Investment Trust (SGX:TS0U) has sold its 91.2% stake in Lippo Plaza Shanghai to an unrelated third party for SG$357.4 million, marking a 5.7% net property yield, according to a Friday filing on the Singapore Exchange.
The divestment, part of a strategy to optimize its portfolio, will provide net proceeds of SG$318.2 million, the filing said.
The sale reduces OUE REIT's exposure to China, leaving it with assets solely in Singapore, including OUE Bayfront and Hilton Singapore Orchard.
The transaction is expected to be completed by the end of 2024, according to the filing.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。