News about Suntec REIT —
Tang Organization to conduct strategic review of Suntec Reit
Tang Organization, the new sponsor of Suntec Real Estate Investment Trust (Reit), on Tuesday (Mar 17) said it plans to “undertake a comprehensive strategic review” of the trust’s portfolio....read more on The Business Times
This follows its takeover of the manager ESR Trust Management (Suntec) from ESR Asset Management, which was completed on Tuesday.
The review aims to “strengthen portfolio performance and enhance capital efficiency”; it will also explore “disciplined approaches to asset optimisation and recycling”.