S-Reits set for wave of consolidation: CIT chief
Merging of smaller trusts the most viable option amid tighter rules, says CEO
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
SINGAPORE'S real estate investment trust (Reit) market is set to consolidate as smaller vehicles merge to cope with rising regulatory costs, according to Cambridge Industrial Trust (CIT).
"The wave of consolidation for Singapore Reits is about to begin," Philip Levinson, chief executive officer at Singapore-listed CIT, said. The trust has a market capitalisation of S$730.5 million and focuses on industrial real estate assets.
Share with us your feedback on BT's products and services
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
