Soilbuild Business Space REIT property in Changi Business Park, EightriumSoilbuild Business Space REIT property in Changi Business Park, Eightrium

British multinational asset management company Schroders plc has disposed 61,300 units of Singapore-listed industrial REIT, Soilbuild Business Space REIT (SGX:SV3U).

The units were sold by Schroders Plc acting as investment managers on behalf of clients, said the company in a filing with the Singapore Exchange on 18 February.

The units were disposed on 16 February at a total price of SGD43,216. This translates to proceeds of about SGD0.70 per unit sold.

The disposal decreases the investment manager's deemed stake in the REIT to about 8.99%, down from 9.00% previously. Schroders plc now has a deemed interest in 84 million units in the REIT.

Units of Soilbuild REIT last changed hands at SGD0.71 on the Singapore Exchange.

By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.