ESR-REIT Management (S) Limited has agreed to divest a portfolio of eight non-core Singapore industrial properties for S$338.1 million. The sale represents a 2.0% premium to the independent valuation. The transaction is a key part of the REIT’s Portfolio Rejuvenation and Capital Recycling strategies.
Azora has bought a 50.1% stake in Greece’s Donkey Hotels, adding five luxury properties including NOUS Santorini and the Athenaeum Intercontinental. The partners plan portfolio upgrades and further acquisitions in Greece’s booming hospitality sector.
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