First REIT to divest Indonesia assets for S$470 million in strategic review move

Reuters
04/01
<a href="https://laohu8.com/S/AW9U.SI">First REIT</a> to divest Indonesia assets for S$470 million in strategic review move
  • First REIT signed agreements to divest Indonesia portfolio assets for about S$470 million, a 2.1% premium to valuation.
  • Transactions include sale of eight hospitals to Siloam for about S$390 million.
  • Non-core exits cover two assets sold to Lippo Karawaci for about S$53 million, alongside a prepaid lease of Lippo Plaza Kupang for about S$29 million.
  • Proceeds earmarked for debt repayment, cutting aggregate leverage to 16.7% with pro forma annual interest savings of about S$19 million.
  • Put options on remaining six Indonesia hospitals set an agreed value of about S$290 million, with completion of initial divestments targeted for August 2026.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. First Real Estate Investment Trust published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: UJ8K992035TY3JNK) on April 01, 2026, and is solely responsible for the information contained therein.

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