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First Reit completes purchase of hospital, mall in Buton, Indonesia

Total purchase amount is S$28.5 million and value-added tax is S$2.71 million

Published Wed, Oct 11, 2017 · 09:50 PM

Singapore

FIRST Real Estate Investment Trust (First Reit) has completed its acquisition of Siloam Hospitals Buton and Lippo Plaza Buton, increasing its total number of properties across Indonesia, South Korea and Singapore to 19.

The total purchase consideration of S$28.5 million for the Buton property and value-added tax of S$2.71 million was financed from internal cash and a drawdown from a bank loan obtained by First Reit, it announced on the Singapore Exchange late on Tuesday.

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