Paragon REIT is divesting The Rail Mall for $78.5 million. The manager of Paragon REIT announced that it has entered into a sale and purchase agreement for the divestment of The Rail Mall for a cash ...

PARAGON Real Estate Investment Trust has entered into a sale-and-purchase agreement for the divestment of The Rail Mall for a cash consideration of S$78.5 million.. The Reit manager said in a bourse ...

Three months later, in June 2024, Paragon Reit announced that The Rail Mall in Upper Bukit Timah Road was up for sale. The mall was sold for $78.5 million to an undisclosed buyer in August that year.

Cuscaden Peak Investments—backed by Singapore state-linked investor Temasek Holdings—is seeking to take Paragon REIT private in a deal valuing the shopping mall operator at $2.1 billion.

SINGAPORE - Paragon Real Estate Investment Trust (Reit) has entered into a sale-and-purchase agreement for the divestment of The Rail Mall for a cash consideration of $78.5 million.