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Starhill Global Reit divests 4th property in Tokyo

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Published Mon, May 15, 2017 · 09:50 PM

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Singapore

STARHILL Global Reit (SGReit) has divested Harajuku Secondo Property in Tokyo for 410.2 million yen (S$5.1 million), at a 22.4 per cent premium to its latest valuation.

SGReit's manager, YTL Starhill Global Reit Management Limited, said in a Singapore Exchange filing on Monday that the transacted price translates to a yield of 2.5 per cent, based on the net property income for the financial year ended June 30, 2016.

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