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First REIT: Strengthens Portfolio With Acquisition In Strategically-Located Port City On Buton Island, Indonesia.
20 Jul 2017 22:01Proposed acquisition of Siloam Hospitals Buton and Lippo Plaza Buton at a purchase consideration of S$28.5 million, a 2.4% discount to the higher of two independent valuations. The initial base rent of S$2.84 million per annum translates to an attractive rental yield of 10.0%. The acquisition will bolster First REIT's portfolio to 19 income producing properties and expand asset size by 2.4% to S$1.30 billion...
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Source: ShareInvestor Express
