Coliwoo

The Republic should create clearer pathways for conversion and development

The deal is expected to increase the trust’s pro forma distribution per stapled security by 2.4%

Co-living player eyes markets where renting is the norm; LHN mulls self-storage and even eldercare arenas

The portfolio consists of commercial units, serviced apartments, a hotel and student hostels

The property’s location in Changi Business Park provides access to an established corporate tenant base

They offer a way to invest in property and benefit from rental income, without having to deal with the restraints on short to mid-term stays

One key risk lies in its significant capital outlay for renovation and maintenance works being irrecoverable, say analysts

The bank assigns it a target price of S$0.82, a 41% upside from its latest closing price of S$0.58 on Wednesday

Estimated net proceeds of S$15.3 million will be used to repay working capital loans owed to LHN Group and for general working capital purposes