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Billion $ tag for OUE Bayfront

OUE looking to pump property into Reit for a minimum of $1b

OUE offerings: OUE Bayfront is one of two assets that will form the initial portfolio of OUE C-Reit. On the right is US Bank Tower, one of the properties which the Reit will have first right of refusal. - PHOTOS: OUE, BLOOMBERG

PROPERTY group OUE Ltd is looking to sell its office and retail development OUE Bayfront for at least $1 billion, to the commercial real estate investment trust that it is looking to list on the Singapore Exchange. The sale consideration may comprise $696.9 million in cash, and units in OUE