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
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
Fed hike throws Singapore banks a margin lifeline; UOB most likely to feel impact
He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons
Real-estate veteran Desmond Sim quits from CEO roles at Realion, ETC
Chagee, Mixue and Luckin won the market. Sustaining their edge is the harder part
