Reits & Property

The acquisition is expected to be 4.3% DPU accretive

The group has the heft to spearhead a redevelopment of the entire complex and transform the surrounding area

They have been divested to an unrelated third party, through the Reit’s wholly owned subsidiaries

It is being sold to entity linked to Han Chee Juan’s Jack Investment, which owns Leisure Park Kallang

CEO Guy Cawthra becomes an executive director

Amount is about 38% higher than what it paid 18 years ago, and 5% above the latest valuation

This signals how the need to strengthen data quality, processes and controls is increasingly recognised in the sector

Tokyo Century-OUE JV is buyer in deal that will lift pro forma DPU by 5.8%, fund S$20 million in special payouts

The assets in the Reit are Raffles City Shenzhen and CapitaMall Fucheng