SGX:TS0UREITs
Assessing OUE Real Estate Investment Trust's Valuation As One Raffles Place Sale And Possible Exit Scenarios Emerge
Sale of One Raffles Place puts OUE Real Estate Investment Trust (SGX:TS0U) at a crossroads
OUE Real Estate Investment Trust (SGX:TS0U) has appointed marketing agents, together with UOB, to sell One Raffles Place, a key contributor to the trust that could materially reshape its portfolio and future distributions.
The potential sale, reportedly targeted at around S$2.3b to S$2.4b, opens the door to a sizeable one off payout to existing unitholders and has also fed speculation about a possible...