Starhill Global Sells Tokyo Property

News about Starhill Global REIT

Starhill Global REIT is announcing the divestment of Daikanyama, a 3 storey commercial building in Tokyo, for ¥1,877.7 million (approximately S$18.91 million):

This translates to a 39.1% and 2.9% premium over the latest valuation and acquisition price of the Property respectively. The transacted price translates to a yield of 2.77%.

Starhill Global REIT
Price0.590 SGD
NAV0.750 SGD
Yield (4 quarters)6.51%
Gearing36.3%