SG brief: United Hampshire US REIT

U.S. one-dollar currency notes; taken September 2018.U.S. one-dollar currency notes; taken September 2018.

United Hampshire US REIT has completed the divestment of two self-storage properties for a consideration of US$45.5 million, the REIT said in a filing to SGX Wednesday.

The net proceeds of around US$44.2 million will be used to fund potential higher-yielding acquisitions, capital expenditure, debt repayments and/or other corporate needs, the filing said.

Read more: United Hampshire US REIT lowers consideration for divestment of two self-storage properties