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ESR-REIT ( (SG:9A4U) ) has shared an announcement.
ESR-REIT has agreed to divest the hotel strata lot, including certain retail units, at 2 Changi Business Park Avenue 1 in Singapore for approximately S$101 million, a price in line with its independent valuation, to Coliwoo Project Ace Pte Ltd via a long-term lease structure registered with the Singapore Land Authority. The sale, which follows the expiry of the hotel’s master lease and the absence of income contribution from the hotel component since September 2025, is part of ESR-REIT’s strategy to shed non-core assets and is not expected to materially affect its net asset value or distributions for the 2025 financial year; instead, it will allow the REIT to cease operating and capital expenditure on the hotel strata and use the net proceeds to repay borrowings and lower interest costs while retaining ownership of the majority of ESR BizPark @ Changi’s business park, retail and convention centre space.
The most recent analyst rating on (SG:9A4U) stock is a Hold with a S$3.00 price target. To see the full list of analyst forecasts on ESR-REIT stock, see the SG:9A4U Stock Forecast page.
More about ESR-REIT
ESR-REIT is a Singapore-listed real estate investment trust that owns and manages industrial and business park assets, including business park, retail and convention centre components of integrated developments such as ESR BizPark @ Changi, with a focus on generating stable income from income-producing real estate in Singapore.
Average Trading Volume: 829,397
Technical Sentiment Signal: Buy
Current Market Cap: S$2.21B
See more data about 9A4U stock on TipRanks’ Stock Analysis page.