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.