SPH Reit sees potential in Aussie acquisition
Reit manager tells unitholders at the AGM that it sees future enhancement opportunities in the freehold Westfield Marion Shopping Centre in Adelaide
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Nisha Ramchandani
Singapore
UNITHOLDERS questioned SPH Reit's manager on its plans for the Reit's latest proposed acquisition Down Under at an annual general meeting (AGM) on Wednesday.
In particular, unitholders were keen to find out its strategy for the freehold Westfield Marion Shopping Centre in Adelaide, as well as the rationale behind a private placement to partially fund the acquisition.
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