Suntec REIT to grow beyond Australia, Singapore for future acquisitions

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Suntec REIT’s properties are currently located only in Australia and Singapore but its manager has articulated intentions to acquire assets in other countries.

And the REIT will unlikely acquire more Singapore properties in the near term, given high property values in the city-state.

Suntec REIT presently either owns, or has stakes in five properties across Australia, and four properties in Singapore.

These include stakes in Suntec Singapore Convention & Exhibition Centre, Marina Bay Financial Centre Towers 1 and 2, and the Southgate Complex in Melbourne.

Related: Suntec REIT cuts losses at convention centre with closure extension


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