fortune reit (FRT:Singapore)
Transactions by FORTUNE REIT (FRT) in the last 6 months
Tower Key Limited entered into sale and purchase agreement to acquire Art Full Resources Limited from Fortune Real Estate Investment Trust (SGX:F25U) (Fortune REIT) for approximately HKD 650 million in cash on February 11, 2015. Under the terms of the agreement, a cash deposit of HKD 64.8 million was paid to Fortune REIT by Tower Key upon signing of the sale and purchase agreement and the balance amount will be paid upon the completion date. The consideration is subject ...
Fortune Real Estate Investment Trust (SGX:F25U) agreed to acquire Laguna Plaza in Kwun Tong for HKD 1.92 billion on December 8, 2014. United Overseas Bank Limited provided 5-year secured term loan facility for HKD 1.2 billion to Fortune Real Estate Investment Trust for the acquisition. Completion is expected to take place on January 9, 2015. Judy Lee and Maggie Kwok of Appleby Global Group Services Limited acted as legal advisors for Fortune Real Estate Investment Trust. ...
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