First REIT unitholders back sale of Indonesia assets for S$471.5 million

Reuters2026/07/22 09:21

By:Reuters

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First REIT unitholders backed a plan to divest eight Indonesia hospital properties to Siloam for about SGD 389.2 million.
A separate vote cleared the sale of three non-core Indonesia assets for SGD 82.4 million, including a prepaid lease structure.
The hospital divestment resolution passed with 86.65% support; the non-core divestment resolution passed with 89.33% support.
The board committed SGD 9.7 million of proceeds for a special distribution, expected to be declared over two subsequent quarters.
The transaction structure includes a put option for Siloam to buy the remaining Indonesia hospital assets for about SGD 294.8 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. First Real Estate Investment Trust published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: ZFR2X4B4FG7QAJ7B) on July 22, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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First REIT unitholders back sale of Indonesia assets for S$471.5 million

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