Back 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. 

https://www.businesstimes.com.sg/companies-markets/first-reit-proposes-s471-5-million-divestment-indonesia-assets