The acquisition plans were first announced in a bourse filing on Oct 7. The three properties will increase the value of CLAR’s Singapore portfolio to about $12.3 billion. The enlarged portfolio will account for 68% of CLAR’s total assets under management.
Separately, CLAR announced that it has divested 8700 – 8770 Nimbus, a business space property in Portland, Oregon to an unrelated third party for about US$6.6 million ($8.5 million). The sale consideration represents a premium of 10% to the independent market valuation of about US$6 million ($7.7 million) as at Sep 1 2025. It is also 16% higher than the purchase price of about US$5.7 million ($7.8 million) in 2019.
With the acquisitions and divestments, CLAR owns 226 properties. The portfolio comprises 96 properties in Singapore, 33 properties in Australia, 48 properties in the US and 49 properties in the UK and Europe.
CLAR units closed 0.36% higher at $2.83 on Dec 30. It is up by 10.12% year to date.
