US-based wealth management firm BlackRock Inc disclosed on 12 July that it has indirectly acquired 197,800 units of Suntec REIT.
The units were acquired through a market transaction on 8 July via an entity in which it has a deemed interest in.
Total consideration paid for the units was SGD353,326.56, translating to about SGD1.78 paid per unit.
With the acquisition, BlackRock now has a deemed interest in 151,874,213 units of the Singapore-listed office and retail REIT, representing a stake of about 6.0%.
Units of Suntec REIT finished the trading day flat from its previous close on the Singapore at SGD1.80.