OUE Commercial REIT's OUE Downtown (Photo: REITsWeek)OUE Commercial REIT's OUE Downtown (Photo: REITsWeek)

OUE Commercial REIT is in the process of identifying the new CEO of its manager.

This search comes following the resignation of its current chief executive, which was announced on 22 October.

The CEO, Tan Shu Lin, will be leaving the REIT from 30 November 2021.

She has been at the helm of the mixed-commercial REIT since October 2013.

Tan presently holds 663,375 units of OUE Commercial REIT.

The REIT was last done on the SGX at SGD0.46, which presently implies a distribution yield of 5.35% according to data on the Singapore REITs table.

By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.