Starhill Global REIT Sells Japan Mixed-Use Building For S$18.9 Billion
Dec 30, 2022 – YTL Starhill Global, the manager of Starhill Global REIT (SGREIT), announced that SGREIT has agreed to divest Daikanyama located in Shibuya-Ward, Tokyo, for JPY1,877.7 million (S$18.91 million). This translates to a 39.1% and 2.9% premium over the latest valuation and acquisition price of the property respectively. The transacted price translates to a yield of 2.77%, according to the statement.
