CapitaLand Ascott Trust Sells Singapore Hotel for $281m
CapitaLand Ascott Trust is selling The Robertson House by The Crest Collection in Singapore for S$360 million ($281 million), marking a 4% premium over book value and generating a net gain of approximately S$38.1 million. Proceeds from the sale are expected to enhance financial flexibility, allowing reinvestment into higher-yielding properties.
Topics: CapitaLand Ascott Trust divestment Singapore real estate