Daily Cuts

Cuscaden Peak offers to privatise Paragon Reit for $2.78b


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Cuscaden Peak Investments has proposed to privatise and delist Paragon Reit for $2.78 billion, eyeing major upgrades to Paragon mall. Paragon Reit currently owns Paragon mall, which accounts for 72 per cent of the Reit’s value. Andrea Heng and Hairianto Diman find out this means for the buyer with Kenny Loh, Wealth Advisory Director, REIT specialist and SGX Academy Trainer.

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