oue reit

One Raffles Place attracting interest from IOI, CLI, tycoons: sources

The development is just one of numerous commercial real estate assets in a market seeing a renewed buzz

The court accepted the notice of discontinuance on May 7.

Litigation against OUE Reit independent director discontinued

The unitholder of Dasin Retail Trust who filed an originating claim against Tan Huay Lim in 2023 has withdrawn it

Han Khim Siew, CEO of OUE Reit's manager, says the trust's portfolio fundamentals remain resilient.

OUE Reit posts 8.4% rise in Q1 NPI to S$57.6 million

This comes amid stronger contributions from its commercial and hospitality segments

Han Khim Siew, CEO of OUE Reit's manager, says disciplined capital recycling and portfolio optimisation could drive the Reit's stock price and DPU growth.
TOPLINE

OUE Reit looks to unlock value in mature assets, eyes Sydney for higher-yield growth

Proceeds from a potential One Raffles Place sale could fund its further expansion in Sydney’s Salesforce Tower

Located in the heart of Singapore's CBD, One Raffles Place is a key revenue contributor for OUE Reit.
THE LEVEL GROUND

Reits that don’t trade well should be privatised, or sell assets and be liquidated

After selling One Raffles Place, OUE Reit should be taken private or divest the rest of its properties

OUE Reit will finance the acquisition with a mix of debt and partial net proceeds from the sale of Lippo Plaza Shanghai.

OUE Reit to acquire a 19.9% interest in Salesforce Tower in Sydney for S$175 million

The stake will be will be acquired at an agreed property price of about S$319.8 million

OUB Centre holds an 81.54% interest in One Raffles Place and UOB holds the remaining 18.46% interest in the property.

OUE Reit, UOB gauging market interest for One Raffles Place as part of asset strategy

There is ‘no assurance that any binding agreement or any transaction will materialise’, says the Reit’s manager

At 280 m, One Raffles Place Tower One is one of the tallest buildings in Singapore. Beside it is the six-level retail mall.
SINGAPORE PROPERTY

One Raffles Place expected to be put on the market at S$2.3 billion to S$2.4 billion

All owners of the office and retail asset, above Raffles Place MRT station, are coming together for a potential sale

The family of property tycoons Gordon and Celine Tang now owns the managers of Suntec Reit and Acrophyte Hospitality Trust.
HOCK LOCK SIEW

As one Chinese billionaire family builds its S-Reit empire, what does it mean for minority investors?

The consolidation of power under the Tang family comes with some potential for growth, but also a fair share of uncertainty