Far East Hospitality Trust (Q5T.SI)

Far East Hospitality Trust completes $313.2 mil divestment of Central Square

Far East Hospitality Trust completes $313.2 mil divestment of Central Square (Photo: Samuel Isaac Chua/The Edge Singapore)SINGAPORE (EDGEPROP) - Far East Hospitality Trust has completed a $313.2 million divestment of Central Square to City Developments (CDL) on March 24. This amount is 70.8% more than the $183.3 million it paid for in August 2012. It could also potentially receive an incentive fee of up to $18 million, subject to certain conditions.See also: Far East Hospitality Trust secures fi