SPH Reit to maintain its acquisition approach
Add BT as a preferred source
Claudia Chong
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.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
