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United Hampshire US REIT divests Albany – Supermarket for $32.5m

The divestment consideration is 4.2% higher than the purchase price of $31.3m.

United Hampshire US REIT (UHREIT) has completed the divestment of Albany – Supermarket for US$23.8m.

The property was sold to Agree Development on 16 January as part of the REIT’s portfolio optimisation and capital recycling strategy.

The divestment consideration of $32.5m (US$23.8m) is 4.2% higher than the purchase price of $31.3m (US$22.9m).

Proceeds from the divestment will be used to repay existing debts, finance capital expenditure, fund potential acquisitions and/or for other general corporate requirements.
 

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