Brief: Mapletree Industrial Trust To Divest Tanglin Halt Cluster For S$50.6 Million

Mapletree Industrial Trust

07/02/2024 01:15

Feb 7 (Reuters) - Mapletree Industrial Trust  MAPI.SI :
    * TO DIVEST TANGLIN HALT CLUSTER FOR S$50.6 MILLION
    * MAPLETREE INDUSTRIAL TRUST TO DIVEST TANGLIN HALT CLUSTER
FOR
S$50.6 MILLION
    * ENTERED INTO SALE AND PURCHASE AGREEMENT FOR PROPOSED
DIVESTMENT
OF 115A & 115B COMMONWEALTH DRIVE, SINGAPORE
    * SALE PROCEEDS TO FUND COMMITTED INVESTMENTS, REDUCE
EXISTING
DEBT, MAKE DISTRIBUTIONS TO UNITHOLDERS
    * PROPOSED DIVESTMENT IS EXPECTED TO COMPLETE BY FIRST HALF
OF
2024
    * AGREEMENT WITH A THIRD-PARTY PURCHASER

Source text for Eikon:  ID:nSNgC61d 
Further company coverage:  MAPI.SI 

 ((Reuters.Briefs@thomsonreuters.com;))