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'Disappointments' to hit office Reits: Nomura
For 2015, it predicts less-than-expected returns from projects, space returned to landlords
Add BT as a preferred sourcePublished Tue, Feb 10, 2015 · 09:50 PM
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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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