- Sale price: JPY1.49 billion (SGD22.81 million)1
- Book value as at 31 December 2010: JPY1.46 billion (SGD22.35 million)
- Sale expected to complete in March 2011
- Net sale proceeds after JPY debt repayment available for future investment opportunities.
- Aggregate leverage reduced from 33.6% to approximately 32.0% following completion of the sale
- Continued execution of Manager’s strategy for the Trust
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