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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


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