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Reits in S'pore to consolidate in next 12-24 months: report
Reits under the same sponsor are the likeliest candidates, as they seek cost synergies in tougher fee income and limited growth environment, says Morgan Stanley
Published Wed, Jul 1, 2015 · 09:50 PM
Singapore
SINGAPORE real estate investment trusts (Reits) are due for consolidation in the next 12-24 months, a Morgan Stanley report this week said, disagreeing with the consensus view The Business Times earlier had reported.
Such merger-and-acquisition (M&A) activity will likely be undertaken to realise cost synergies in a tougher fee income environment as new rules from the Monetary Authority of Singapore (MAS) kick in soon, Morgan Stanley said.
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