Paragon REIT Completes Divestment of Figtree Grove Shopping Centre

MT Newswires

2025/02/03

Paragon REIT (SGX:SK6U) completed the divestment of Figtree Grove Shopping Centre, according to a filing with the Singapore Exchange on Friday.

In an earlier filing, the REIT said it had entered into a put and call option deed through its trustee, DBS Trustee, to finalize the sale of its stake in Figtree Grove Shopping Centre in New South Wales, Australia for AU$192 million, a 5% premium over its valuation of AU$183 million.

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