OUE Commercial Reit looks to acquire office assets in Sydney, Melbourne and London

JUST 1 out of the 7 assets in OUE Commercial Real Estate Investment Trust’s (OUE C-Reit’s) portfolio is outside Singapore, but there are plans to acquire more overseas assets to grow the trust, with a focus on office assets in Sydney, Melbourne and London.

“These are key gateway markets with a lot of liquidity for transactions in the S$200 million to S$400 million range; so you can enter and exit the market fairly quickly,” said Han Khim Siew, the chief executive officer of OUE Commercial Reit Management. “The UK and Australia also have very good market transparency and governance.”

The trust is eyeing office properties in those 3 cities (with some supporting retail if any), but it is unlikely to go for pure retail assets, he added. “Hospitality assets, we will look at selectively.”