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RSS FeedsCompletion Of Divestment Of 23 Woodlands Terrace
(WorldNews Asia)


7 december 2017 11:00:26

Completion Of Divestment Of 23 Woodlands Terrace
(WorldNews Asia)

(Constituted in the Republic of Singapore pursuant to a trust deed dated 31 March 2006 (as amended)) COMPLETION OF DIVESTMENT OF 23 WOODLANDS TERRACE Further to its announcement on 14 June 2017, ESR Funds Management (S) Limited, (the "Manager") as manager of ESR-REIT, is pleased to announce that the divestment of 23 Woodlands Terrace (the "Property") has been completed today. The Property has been divested for a consideration of S$17.68 million (excluding divestment costs and applicable goods and services tax, if any). The consideration represents a premium of 2.8% above the current book value of S$17.2 million as at 31 December 2016 and a 14.8% gain over the purchase...
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