MAINBOARD-LISTED Dasin Retail Trust on Friday said it has completed its acquisition of Doumen Metro Mall in China, costing a total of around S$274.8 million.
Following the move, the trust owns all the equity interests of Jiaxin Commercial Holdings , the trustee-manager said in a regulatory update. The S$274.8 million amount comprises a purchase price of S$61.3 million; a repayment of existing indebtedness of Doumen Holdco and its subsidiaries of S$201.2 million; some S$10.3 million in professional and other fees and expenses in connection with the acquisition; and an acquisition fee of around S$2 million paid in units to the trustee-manager.
Dasin Retail Trust will also take over a lease agreement with interested party Zhuhai Doumen Xinxuan Food Services , with relates to the leasing of some 4,064 square metres of retail space in Doumen Metro-Mall for a term of 12 years from Aug 16, 2018.Rental and associated fees from the Doumen Xinxuan lease, along with fees payable and expenses to be reimbursed, will be S$13 million. This is approximately 1.
The terms of these agreements are similar to existing property management and commercial management agreements entered into by Dasin Retail Trust with the same parties regarding four properties in the trust’s portfolio.
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Stocks to watch: CDL, Dasin Retail Trust, AEM Holdings, SakaeTHE following companies saw new developments that may affect trading of their shares on Friday: Read more at The Business Times.
Lire la suite »
Stocks to watch: CDL, Dasin Retail Trust, AEM Holdings, SakaeSINGAPORE - The following companies saw new developments that may affect trading of their shares on Friday (Sept 13):. Read more at straitstimes.com.
Lire la suite »