Overseas offices, industrial properties dominate S-Reits' acquisitions
About two-thirds of office investments last year went to UK and US properties; logistics properties and data centres dominated S-Reits' purchases in first 9 months of this year
Add BT as a preferred source
Singapore
DESPITE pandemic headwinds, Singapore-listed real estate investment trusts (S-Reits) have continued to scoop up high-quality assets, with a focus on office properties and data centres located abroad.
They made some S$8.9 billion in property investments in the first 3 quarters of 2021, close to the S$9.4 billion injected during the whole of 2020, according to the Institute of Real Estate and Urban Studies' (IREUS) analysis of data from Bloomberg and S-Reits' announcements.
TRENDING NOW
Think twice about rebuilding that old landed property into a super-big house to max out GFA
SpaceX’s US$1.75 trillion IPO: How retail investors, including those in Singapore, can buy shares
Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned
Battle for Asia’s ultra-rich: ‘Singapore can’t afford to keep losing clients to Dubai, Hong Kong’
