On February 11, 2025, PARAGON REIT unveiled its financial results for the fiscal year 2024. Their portfolio is concentrated in Singapore and Australia, consisting of just four assets. In Singapore, they own Paragon and The Clementi Mall, while the Rail Mall was sold off last year. Over in Australia, PARAGON REIT holds a 50% freehold interest in the Westfield Marion Shopping Centre, the largest of its kind in Adelaide, South Australia. Additionally, they maintain an 85% stake in Figtree Grove Shopping Centre, a sub-regional hub located in Wollongong, New South Wales, which is also freehold. On November 22, 2024, PARAGON REIT took steps to divest this property through a put and call option deed, with the transaction being finalized on January 31, 2025.
Lately, PARAGON REIT has revealed its strategic moves…
