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
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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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