“In line with its mission to deliver sustainable, long-term value to unitholders, the manager continually evaluates potential and credible acquisition opportunities that are aligned with OUE REIT’s strategy,” says the REIT manager.
While Singapore remains OUE REIT's core market, the manager adds that it has been looking at opportunities in key gateway cities, including Sydney, Australia, which offer strong real estate fundamentals and stable long-term growth prospects.
Negotiations between the parties are currently still ongoing and parties have yet to enter into any binding agreement.
As at 9.30am, units in OUE REIT are trading flat at 36 cents.
