SUBSCRIBERS

'Disappointments' to hit office Reits: Nomura

For 2015, it predicts less-than-expected returns from projects, space returned to landlords

Published Tue, Feb 10, 2015 · 09:50 PM

Singapore

NOMURA Research has predicted that Singapore's office Reits will be headed for potential disappointments in the next 12 months, as some banking and financial tenants - due to move into new offices - return space to their landlords upon the expiry of their leases next year.

Other disappointments could come in the form of lower-than-expected returns from the Golden Shoe Car Park redevelopment, CapitaGreen and Suntec City Mall's asset enhancement, it said.