Paragon REIT Enters Put, Call Option Deed to Finalize AU$192 Million Divestment of Figtree Grove Shopping Centre

MT Newswires

Jan 15, 2025

Paragon REIT (SGX:SK6U) has 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, according to a filing with the Singapore Exchange on Tuesday.

As part of the agreement, the purchaser has deposited AU$9.6 million, equivalent to 5% of the divestment consideration, signaling their commitment to the transaction.

In an earlier filing, the REIT said it had decided to sell its 85% stake in Figtree Grove Shopping Centre in New South Wales, Australia, for AU$192 million, a 5% premium over its October valuation of AU$183 million.

The sale, set for completion in the first quarter of fiscal year 2025, will generate net proceeds of SG$142 million.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2503017659"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2503017659\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2503017659?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-01-15 11:14","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2503017659","market":"sg","top_or_hot":-1,"title":"Paragon REIT Enters Put, Call Option Deed to Finalize AU$192 Million Divestment of Figtree Grove Shopping Centre","media":"MT Newswires","content":"<html><body><p> Paragon REIT (SGX:SK6U) has 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, according to a filing with the Singapore Exchange on Tuesday.</p><p>As part of the agreement, the purchaser has deposited AU$9.6 million, equivalent to 5% of the divestment consideration, signaling their commitment to the transaction.</p><p>In an earlier filing, the REIT said it had decided to sell its 85% stake in Figtree Grove Shopping Centre in New South Wales, Australia, for AU$192 million, a 5% premium over its October valuation of AU$183 million.</p><p>The sale, set for completion in the first quarter of fiscal year 2025, will generate net proceeds of SG$142 million.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Paragon REIT Enters Put, Call Option Deed to Finalize AU$192 Million Divestment of Figtree Grove Shopping Centre</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nParagon REIT Enters Put, Call Option Deed to Finalize AU$192 Million Divestment of Figtree Grove Shopping Centre\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1060499803\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires </p>\n<p class=\"h-time\">2025-01-15 11:14</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Paragon REIT (SGX:SK6U) has 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, according to a filing with the Singapore Exchange on Tuesday.</p><p>As part of the agreement, the purchaser has deposited AU$9.6 million, equivalent to 5% of the divestment consideration, signaling their commitment to the transaction.</p><p>In an earlier filing, the REIT said it had decided to sell its 85% stake in Figtree Grove Shopping Centre in New South Wales, Australia, for AU$192 million, a 5% premium over its October valuation of AU$183 million.</p><p>The sale, set for completion in the first quarter of fiscal year 2025, will generate net proceeds of SG$142 million.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6011","symbol_name":"零售业房地产投资信托","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2503017659","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2503017659","pubTimestamp":1736910841,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1060499803","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Paragon REIT  has 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, according to a filing with the Singapore Exchange on Tuesday.As part of the agreement, the purchaser has deposited AU$9.6 million, equivalent to 5% of the divestment consideration, signaling their commitment to the transaction.In an earlier filing, the REIT said it had decided to sell its 85% stake in Figtree Grove Shopping Centre in New South Wales, Australia, for AU$192 million, a 5% premium over its October valuation of AU$183 million.The sale, set for completion in the first quarter of fiscal year 2025, will generate net proceeds of SG$142 million.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK6011":"零售业房地产投资信托","BK6512":"房地产股","CFA.SI":"NikkoAM-STC Asia REIT","5F4.SI":"裴格瑞","BK6137":"零售房地产信托"},"translate_title":"Paragon REIT签订看跌期权和看涨期权期权契约，以完成Figtree Grove购物中心1.92亿澳元的撤资","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SK6U.SI":0.9,"5F4.SI":1,"CFA.SI":1},"content_text":"Paragon REIT (SGX:SK6U) has 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, according to a filing with the Singapore Exchange on Tuesday.As part of the agreement, the purchaser has deposited AU$9.6 million, equivalent to 5% of the divestment consideration, signaling their commitment to the transaction.In an earlier filing, the REIT said it had decided to sell its 85% stake in Figtree Grove Shopping Centre in New South Wales, Australia, for AU$192 million, a 5% premium over its October valuation of AU$183 million.The sale, set for completion in the first quarter of fiscal year 2025, will generate net proceeds of SG$142 million.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}