Cuscaden Peak offers to privatise Paragon REIT at 98 cents per unit

Cuscaden Peak, the sponsor of Paragon REIT, is offering to privatise the REIT at 98 cents per unit, a premium over the Feb 10 closing price of 89 cents. In addition, the REIT will pay 2HFY2024 cash distribution of 2.33 cents. Cuscaden Peak, held by Mapletree Investments and CLA Real Estate Holdings, became the sponsor […]