'Disappointments' to hit office Reits: Nomura
For 2015, it predicts less-than-expected returns from projects, space returned to landlords
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.
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