S-Reits on acquisition binge amid low interest rates | Agent.sg
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S-Reits on acquisition binge amid low interest rates

Fresh property news selection on Monday, September. 2019.

Today's news selection contains the latest real estate related stories. Do you own a real estate/property/finance blog or news site? Send the URL to news@agent.sg so our editors can use them as sources.


AMID a lower-for-longer interest rate environment, Singapore real estate investment trusts (S-Reits) are ramping up their acquisitions worth billions of dollars, according to market observers.

Similarly in July, Frasers Logistics & Industrial Trust garnered S$258.1 million via a placement to fund its proposed acquisition of 12 prime logistics properties in Germany and Australia worth A$644.7 million (S$612.5 million), and CapitaLand Commercial Trust carried out a S$220 million placement to pay for its acquisition of a German office building at a purchase consideration of 133.4 million euros (S$205.3 million).

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