SPH Reit to acquire Rail Mall

News about SPH REIT

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.

Price0.895 SGD
NAV0.920 SGD
Yield (4 quarters)6.38%