SPH Reit to maintain its acquisition approach

Singapore

THE manager of SPH Reit said that there will be no change in its acquisition approach even with the unprecedented disruption caused by the pandemic.

In its response to questions from the Securities Investors Association (Singapore), or Sias, the manager said that while the turmoil in the retail real estate market caused by Covid-19 may present acquisition opportunities, the real estate investment trust (Reit) will continue to exercise care and give due consideration. This is particularly "due to the risks brought about by uncertainty in the retail market", it added.