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OUE Reit looks to unlock value in mature assets, eyes Sydney for higher-yield growth

Proceeds from a potential One Raffles Place sale could fund its further expansion in Sydney’s Salesforce Tower

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Chong Xin Wei

Chong Xin Wei

Published Mon, Mar 30, 2026 · 07:00 AM
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    • Han Khim Siew, CEO of OUE Reit's manager, says disciplined capital recycling and portfolio optimisation could drive the Reit's stock price and DPU growth.
    • Han Khim Siew, CEO of OUE Reit's manager, says disciplined capital recycling and portfolio optimisation could drive the Reit's stock price and DPU growth. PHOTO: YEN MENG JIIN, BT

    [SINGAPORE] OUE Real Estate Investment Trust ( OUE Reit ) is stepping up capital-recycling efforts, as it looks to redeploy proceeds from potential sales of mature Singapore assets into higher-yielding investments such as in Australia.

    “We are trying to build a high-performance, capital velocity engine,” said Han Khim Siew, chief executive officer of the manager. “We are not here to collect and run legacy assets into the ground.”

    A legacy asset in focus is One Raffles Place, a substantial office property in the Central Business District (CBD), which the Reit is exploring for a potential sale.

    Toplineoue reitOffice PropertySingapore officesSingapore retailHospitalityInside the C-suite

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