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Two firms report changes in overseas portfolios

Saizen Reit to sell Japan assets; Oxley sells over 50% of units in Phase 1 of The Peak

Published Sun, Nov 1, 2015 · 09:50 PM

Singapore

TWO mainboard-listed companies - a real estate investment trust (Reit) and a property developer - have reported changes in their overseas portfolios in filings with the Singapore Exchange.

Saizen Reit will be selling all its Japanese real estate assets to Triangle TMK for 44.7 billion yen (S$518.3 million), said its manager, Japan Residential Assets Manager. HSBC Institutional Trust Services (Singapore), the trustee of Saizen Reit, accepted the offer on Saturday, it said.

The proposed deal is at a 3.4 per cent premium to the appraised value of the properties, th…