Link REIT is acquiring two suburban retail assets in Singapore, Jurong Point and Swing By @ Thomson Plaza.
The assets are being acquired from Mercatus Co-operative Limited for a total consideration of SGD2.161 billion, marking the REIT’s maiden entry into the country.
Link REIT is a Hong Kong-listed mixed commercial REIT and it is presently the largest in Asia.
The REIT has been acquiring assets outside Hong Kong and China in recent years in a bid to diversify its revenue sources, and has hinted in 2019 that it might acquire assets in Singapore.
Related: Link REIT eyes Singapore as part of international expansion
Dear members, please login to continue reading this article.
Don’t miss out on information beyond mainstream media reports that may impact your investments.
Login or sign-up for a free 25-day trial here. Why subscribe?