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01 Apr 2026
First Reit proposes S$471.5 million divestment of Indonesia assets
A special distribution of about S$9.7 million is expected to be declared after the deal
[SINGAPORE] The manager of First Real Estate Investment Trust (Reit) : AW9U-3.92% announced on Wednesday (Apr 1) a strategic move to divest its Indonesian portfolio for a total consideration of S$471.5 million.
This two-tranche divestment of all assets in Indonesia is designed to prioritise distribution per unit (DPU) stability while recycling capital from non-core assets and properties with rental arrears, the manager said.