Market news —
The Business Times reports on Brookfield Asset Management hunt for deals in Singapore:
Many listed Reits in the country are trading at discounts to their net asset value, said Andrew Burych, managing partner and head of East Asia for the Canadian investment giant’s real estate group.
It’s “pretty interesting to work with these Reits to see if there are transactions we can do with them, so that they can recycle the capital into more core businesses,” he said.