Industrial Reits to eye overseas acquisitions in 2016: Moody's

Singapore

SINGAPORE industrial real estate investment trusts (Reits) will continue to look overseas for acquisitions in 2016 as they pursue asset growth and yield accretion, away from challenging domestic business conditions, Moody's said in a Wednesday report.

So far, they seem to have gravitated towards Australia and will continue to do so given the stable and well-regulated real estate market Down Under, it said. Industrial supply in Australia will also be supported by continued demand for logistic and distribution-centre space in 2016.