Soildbuild Group and Blackstone Real Estate have partnered to take Soilbuild REIT private, with an offer to buy out unit holders at S$0.55 per unit:

In a press statement on Monday, the offeror noted that Soilbuild Reit's ability to undertake distribution per unit (DPU)-accretive acquisitions has been limited, partly due to its high DPU yield, which has hindered its ability to bid competitively for third-party assets.