SINGAPORE: A unit of Cuscaden Peak Pte is seeking to take Paragon real estate investment trust (REIT) private, in a growing sign of the headwinds facing Singapore’s real estate investment trust sector.
Cuscaden, which is backed by units of state investor Temasek Holdings Pte, is offering to privatise Paragon-REIT for S$0.98 per unit in cash via its wholly-owned subsidiary Cuscaden Peak Investments, according to a stock exchange filing yesterday.
