(Corrects the divestment percentage mentioned in the second paragraph)
CapitaLand Ascott Trust (SGX:HMN) divested Citadines Karasuma-Gojo Kyoto in Japan for around 6.18 billion yen, according to a filing with the Singapore Exchange on Oct. 9.
The 124-unit property was divested at 40.1% above book value.
Net proceeds came in at 4.4 billion yen with the trust recognizing a net gain of 900 million yen, the filing said.
Price (SGD): S$18518.61, Change: S$+100, Percent Change: +0.56%
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