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

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.