Brokerstake, Boustead Singapore, Boustead Projects, Broker's Take

Brokerstake, Boustead Singapore

Broker's take: CGS-CIMB says Boustead could launch a Reit in 2020

#BrokersTake: CGS-CIMB says Boustead could launch a Reit in 2020

23.9.2019

BrokersTake: CGS-CIMB says Boustead could launch a Reit in 2020

BOUSTEAD Singapore's industrial real estate unit, Boustead Projects , could be on track for a Reit listing in as early as 2020, as existing projects under development bring its leasehold portfolio asset base to S$1 billion by next year, according to CGS-CIMB. Read more at The Business Times.

"With the help of higher occupancy rate after the completion of the ALICE asset (ALICE@Mediapolis) stabilisation, we think a Reit listing could materialise as early as calendar year 2020," wrote analysts Ong Khang Chuen and Caleb Pang in a Monday note.

Mainboard-listed Boustead Projects has said it would consider a Reit listing of its portfolio to unlock value. However, the plan to do so has to be"sustainable" and there has to be an element of growth, according to a recap of the firm's July annual general meeting on Motley Fool.

Read more: The Business Times

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Motorola extends lease at Cromwell E-Reit's Poland propertyCROMWELL European Real Estate Investment Trust (Cromwell E-Reit) on Friday announced that the lease with Motorola Solutions at its Polish property, Green Office, has been extended for another five years to 2026/2027. Read more at The Business Times.

Manulife US Reit raises US$142.7m from placement, preferential offeringMANULIFE US Reit's private placement and preferential offering have netted gross proceeds of about US$142.7 million after both priced in at the top end of their issue price range. Read more at The Business Times.

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