SPH looks for a $872m Reit spin-off for Singapore malls
Singapore Press Holdings Group is planning to spin off two of its shopping mall properties to a real estate investment trust, in a deal that is expected to raise the company as much as S$1.1bn ($872m).
The company will put 30% of SPH Reit up for sale and retain the remaining 70%, it said when announcing its half year results on May 27. The company will also act as sponsor and trust manager for the Reit and will benefit from the resulting fees.SPH ...
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