ARA Logos to divest Kidman Park in Australia for A$41.5m

Singapore

ARA Logos Logistics Trust (ARA Logos) on Sunday entered into an agreement with 1835 Capital, a South Australian based property developer and investor, to divest a property located at 404-450 Findon Road, Kidman Park, Australia for A$41.5 million (S$42.6 million).

The proposed sale consideration is nearly 3.8 per cent above the property's A$40 million valuation as at Dec 31, which was done by CBRE.

After taking into account the associated taxes and expenses, net proceeds from the sale would be about A$40.5 million, with an…

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