Notice of Valuation of Real Assets::Valuation of Paragon, The Clementi Mall and Westfield Marion

Issuer & Securities

Issuer/ Manager
PARAGON REIT MANAGEMENT PTE. LTD.
Securities
PARAGON REIT - SG2G02994595 - SK6U
Stapled Security
No

Announcement Details

Announcement Title
Notice of Valuation of Real Assets
Date &Time of Broadcast
11-Feb-2025 07:37:21
Status
New
Announcement Sub Title
Valuation of Paragon, The Clementi Mall and Westfield Marion
Announcement Reference
SG250211OTHRKEDL
Submitted By (Co./ Ind. Name)
Huang Jinyang Brent
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Please refer to the information below.

Additional Details

Valuation Details
Date of Valuation
Name of the Valuer
Description of Property
Valuation Currency
Valuation Amount
31/12/2024Jones Lang LaSalle Property Consultants Pte Ltd290 Orchard Road, Paragon, Singapore 238859 (Tenure: 99 years leasehold interest commencing from 24 July 2013)Singapore Dollar2,903,000,000
31/12/2024Jones Lang LaSalle Property Consultants Pte Ltd3155 Commonwealth Avenue West, The Clementi Mall, Singapore 129588 (Tenure: 99 years leasehold interest commencing from 31 Aug 2010)Singapore Dollar645,000,000
31/12/2024Jones Lang LaSalle Advisory Services Pty LtdWestfield Marion, 297 Diagonal Rd, Oaklands Park, SA, 5046 Australia (Tenure: Freehold). Represents PARAGON REIT's 50% interest in Westfield MarionAustralian Dollar580,000,000
Valuation of Reports available for inspection at address during office hours
290 Orchard Road, #14-05/06 Paragon, Singapore 238859
Reports available till date
11/05/2025
Additional Information
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