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The Reit's manager, SPH Reit Management, is currently conducting due diligence on the potential acquisition.
"Discussions about the potential acquisition are still preliminary and there can be no assurance that the acquisition will materialise at all," the manager said.
Under the programme, the Reit will issue notes and perpetual securities. Detailed terms and conditions, including pricing, of these securities are set out in an information memorandum, which will be released in the next one to two days.
More real estate news from Singapore
- Over half of SMEs see drop in profit margins as Singapore economy slows: SCCCI
- Slowing Singapore economy drives profit drop as trade war bites
- 33 units at Parklane Shopping Mall up for sale with S$55.7m indicative price
- Chart of the Day: Foreigners snapped up 18% of total apartment purchases in Q2
- First-time buyers of HDB flats to get more help soon; details to be revealed in September
Real estate news from outside of Singapore
- People in protest-hit Hong Kong eye Malaysia's second-home programme
- City real estate in need of jumpstart
- Apartment buildings to have co-holders of maintenance fund
- Examining the commercial viability of co-living and co-working spaces
Other news and useful tips
- PODCAST: Tread Asian e-commerce investment trend carefully (Money Hacks, Ep 52)
- Singapore banks ace environment sustainability survey
- Which REIT will benefit from the transformation of Greater Southern Waterfront?
- How to Fake a Taller Ceiling
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