CLAR plans to divest Jalan Buroh property at significant premium to cost and valuation

CapitaLand Ascendas REIT’s (CLAR) manager has agreed to divest 21 Jalan Buroh in Singapore for $112.8 million. 21 Jalan Buroh is a three-storey ramp-up warehouse with a seven-storey ancillary office block. The proposed sale price is at a significant premium to the original purchase price of $58.4 million when CLAR acquired the property in 2006, […]