CapitaLand Ascott Trust to Sell Citadines Central Shinjuku Tokyo for S$222.7 Million by Q4 2025

CLAS to divest Citadines Central Shinjuku Tokyo for JPY25 bil; exit ebitda yield 3.2%

CapitaLand Ascott Trust (CLAS) is proposing to divest Citadines Central Shinjuku Tokyo for JPY25 billion ($222.7 million), resulting in net proceeds of about JPY 21 billion. The proposed divestment, which is part of CLAS’ portfolio reconstruction strategy, is 100% premium over the book value and approximately 40.4% premium to the average of two independent valuations. The exit ebitda yield is 3.2%. CLAS says that it will be able to deploy this c…

CapitaLand Ascott Trust to sell Citadines Central Shinjuku Tokyo for S$222.7 million by Q4 2025

CapitaLand Ascott Trust (Clas) is proposing to divest Citadines Central Shinjuku Tokyo for 25 billion yen (S$222.7 million), with the transaction expected to be completed by the fourth quarter of 2025.