You are here

HOCK LOCK SIEW

Will OUE Commercial Reit sell some of its assets?

The Riady family behind sponsor OUE, it seems, is open to receiving offers for just about any of the Reit's assets - before deciding just what to divest

OUE this week completed the sale of the landmark US Bank Tower in Los Angeles for US$430 million, or at two-thirds of its US$650 million valuation as at Dec 31, 2019.

Among other things, the disposal will allow the group to substantially boost its cash reserves and improve its net gearing...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes