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.
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