OUE REIT, through its wholly-owned subsidiary, has entered into an agreement to divest the entire equity interest of Lippo Realty (Shanghai), which owns 91.2% share of strata ownership of Lippo Plaza in Shanghai, for RMB1.92 billion ($357.4 million).

Based on Lippo Plaza’s net property income of RMB94.6 million for FY2023 and the agreed property value of RMB1.68 billion, the estimated net property yield is 5.7% per annum.