CapitaLand Ascott Trust completes divestment of four properties in France for EUR44.4 mil

News about CapitaLand Ascott Trust
CapitaLand Ascott Trust (CLAS) has completed the divestment of four of its properties in regional France for EUR44.4 million ($64.7 million).

The four properties, Citadines Croisette Cannes, Citadines Prado Chanot Marseille, Citadines Castellane Marseille and Citadines City Centre Lille, were divested to an unrelated third party.
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CapitaLand Ascott Trust
Price0.980 SGD
NAV1.170 SGD
Yield (4 quarters)6.23%
Gearing37.7%