The Business Times
business-time-50
SUBSCRIBERS

S-Reit acquisitions up in September, but smaller deals signal weakening appetite amid uncertainty

google-preferred-sourceAdd BT as a preferred source
Jude Chan

Jude Chan

Published Wed, Oct 5, 2022 · 05:50 AM
    • CapitaLand Ascendas Reit is acquiring a cold storage logistics facility in Singapore for S$191.9 million.
    • CapitaLand Ascendas Reit is acquiring a cold storage logistics facility in Singapore for S$191.9 million. PHOTO: CAPITALAND ASCENDAS REIT

    DESPITE concerns over rising interest rates and a global economic slowdown, September has emerged as the most active month this year for acquisitions by Singapore-listed real estate investment trusts (S-Reits).

    Seven proposed acquisitions were announced in September, adding to the 19 announced in the first eight months of the year.

    This brings the total number of proposed acquisitions in the year to date to 26 – or around half the 50-odd asset acquisitions announced in 2021.

    S-ReitsCapitaland Ascendas Reitfrasers centrepoint trustparkway life reitfirst reitDaiwa House Logistics TrustDigital Core ReitM&A

    TRENDING NOW

    Jumbo Group says its landlord, the National Parks Board, is studying the redevelopment of East Coast Seafood Centre in tandem with longer-term plans for the park.

    Jumbo Seafood to close flagship East Coast Seafood Centre outlet on Sep 30

    The bungalow's transacted price works out to about S$3,169 psf on the freehold land area of 23,979 sq ft.

    Shanda co-founder sells Tanglin Hill bungalow for S$76 million

    An artist's impression of Pelican Paradise Group's township project that was designed to include a five-star convention hotel, an 18-hole championship golf course and a hospital, among others.

    Singapore developer in limbo after Timor-Leste scraps major township project

    Terence Wong, founder and CEO of Azure Capital (left), with Trek 2000 executive chairman and group president Wayne Tan.

    Trek 2000 shares jump 41.5% after Osim founder Ron Sim drops claims, sells 7.3% stake to Azure Capital

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More