Singapore's CapitaLand sells Parramatta, North Ryde hotels for $109m commercialrealestate.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from commercialrealestate.com.au Daily Mail and Mail on Sunday newspapers.
Proposed acquisition is 1.8% accretive to Distribution per Stapled Security (DPS); Two existing CLAS properties in central Sydney and London to undergo asset enhancement initiatives (AEIs) with estimated yields on AEI cost of approximately 11% ; Property value of the two existing properties and new acquisition in London expected to increase by S$385.5 million after AEIs and stabilisation