OUE REIT bolsters dominance in eastern Singapore with asset upgrades

OUE REIT has moved to bolster its position as the only branded hotel in eastern Singapore by enhancing its sole asset in the area.

The pipeline of assets for which it has a right-of-first refusal (ROFR) was also expanded recently, which will further enhance the REIT’s dominance over the Changi Airport area.

OUE REIT is a Singapore-heavy REIT that owns a portfolio of office, hospitality and retail assets across the country.

Besides Singapore, the REIT also owns a 36-storey Grade A office tower in China.