News about First REIT —
First Reit proposes S$471.5 million divestment of Indonesia assets
The manager of First Real Estate Investment Trust (Reit) announced on Wednesday (Apr 1) a strategic move to divest its Indonesian portfolio for a total consideration of S$471.5 million....read more on The Business Times
This two-tranche divestment of all assets in Indonesia is designed to prioritise distribution per unit (DPU) stability while recycling capital from non-core assets and properties with rental arrears, the manager said.