News about Suntec REIT —
Suntec Reit to increase Singapore focus, sell three Australia properties
Suntec Real Estate Investment Trust (Suntec Reit) will focus on growing its Singapore assets, while reducing its overseas exposure, starting with Australia, following a strategic review of its portfolio....read more on The Business Times
“The macroeconomic and political stability, together with the relative strength of the Singapore dollar… continue to support a compelling case for growing Suntec Reit’s investment in Singapore,” said the manager on Monday (Sep 21) in a bourse filing.
At the same time, the Reit manager intends to sell three properties in Australia, at 177 Pacific Highway, 21 Harris Street and 477 Collins Street.