On 11th February 2025, PARAGON REIT released its FY2024 financial results. PARAGON REIT has a portfolio of only four assets in Singapore and Australia. In Singapore, the assets are Paragon and The Clementi Mall. The Rail Mall was divested last year.
In Australia, PARAGON REIT owns a 50% freehold interest in Westfield Marion Shopping Centre, the largest regional shopping centre in Adelaide, South Australia. PARAGON REIT also owns an 85% interest in Figtree Grove Shopping Centre, a freehold sub regional shopping centre in Wollongong, New South Wales, Australia. On 22 November 2024, PARAGON REIT announced that it had entered into a put and call option deed to divest the property. The divestment was completed on 31 January 2025.
Recently, Paragon REIT has announced its plan to take the REIT private. I have made a video about privatization of REIT, and I hope that is helpful to you if you wish to understand privatization....