SPH Reit to acquire Rail Mall

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SPH Reit has agreed to buy The Rail Mall in Upper Bukit Timah Road for $63.24 million, it announced yesterday. The mall comprises 43 single-storey shop units and 95 private carpark spaces.

Funding of this acquisition is announced to be from debt and internal resources.

Paragon REIT
Price0.990 SGD
NAV0.920 SGD
Yield (4 quarters)5.58%
Gearing30.0%