News about Suntec REIT —
Hongkong Land acquires 10.8% stake in Suntec Reit for S$541 million
Property group Hongkong Land has acquired a 10.8 per cent stake in Suntec Real Estate Investment Trust (Reit) from ESR for S$541 million, in its drive to grow its presence in Singapore’s prime commercial sector....read more on The Business Times
In a statement on Thursday (Mar 19), Hongkong Land said the acquisition will enable the group to deploy recently recycled capital into prime, income-producing commercial assets in the city-state.