CLAS divests Citadines Mount Sophia Singapore for $148 mil

“We are divesting Citadines Mount Sophia Singapore at close to $1 million per key, which is a significant premium to book value. Including Citadines Mount Sophia Singapore, CLAS has announced divestments of $408.1 million of assets at a premium to book value in the last eight months,” says Serena Teo, CEO of the managers.

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