IREIT Global's Munster Campus. (Photo: IREIT Global)IREIT Global's Munster Campus. (Photo: IREIT Global)

Co-founder of construction company Soilbuild Group Holdings, Lim Chap Huat, has disposed off 203,600 units of Singapore-listed IREIT Global.

The units were disposed off via a market transaction on 8 September for SGD0.735 a piece, according to a disclosure filed with the Singapore Exchange on the same day.

This translates to a total consideration of about SGD150,000 (USD111,466) received from the transaction.

With the disposal, Lim now has a direct interest in 116,977,107 units of the Germany-focused office REIT, representing a stake of 18.98%, down from 19.02% or 117,180,707 units previously.

Lim is currently listed as number 34 on the Forbes list of 50 richest Singaporeans, with a net worth of about USD800 million.

Units of IREIT Global finished the trading day about 0.6% lower from its previous close on the Singapore Exchange to end at SGD0.735.

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.