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FEHT eyes maiden overseas acquisitions, but Singapore will remain key focus

Gerald Lee, chief executive officer of the Reit’s manager, is bullish on Singapore’s hospitality rebound and sees it as a key growth engine

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Paige Lim

Paige Lim

Published Mon, Sep 25, 2023 · 05:00 AM
    • Far East Hospitality Trust intends to remain a "very Singapore-centric Reit", with a small proportion of overseas assets, said Gerald Lee, chief executive officer of the Reit manager.
    • Far East Hospitality Trust intends to remain a "very Singapore-centric Reit", with a small proportion of overseas assets, said Gerald Lee, chief executive officer of the Reit manager. PHOTO: CHERYL ONG, BT

    BUOYED by a strong hospitality rebound and a cleaner balance sheet, Far East Hospitality Trust (FEHT) is ready to look for overseas acquisitions – though it intends to stay grounded in Singapore.

    For a start, it is eyeing assets in Australia, Japan and the United Kingdom, as these are developed markets with “clear rules, regulations and fairly mature hospitality sectors”, said Gerald Lee, chief executive officer of the real estate investment trust’s (Reit) manager.

    Another chief consideration is that its sponsor Far East Organization (FEO) holds properties in all three countries.

    ToplineFar East Hospitality TrustFar East OrganizationS-ReitsHospitalityTourismSpotlight

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