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MPACT: To Divest Office Component Of Festival Walk.
10 Dec 2025 18:44Mapletree Pan Asia Commercial Trust has entered into an Asset Sale Agreement with an unrelated third party, to divest Festival Walk Tower, the office component of Festival Walk in Hong Kong. Under the agreement, the Property will be sold at a divestment consideration of HKD1,960.0 million (S$328.1 million). This divestment consideration, which was negotiated on a willing-buyer and willing-seller basis, is in line with the Property's independent valuation conducted as at 30 November 2025. The divestment consideration will be satisfied wholly in cash, with completion targeted in February 2026...
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Source: ShareInvestor Express
