The vehicle comprises office and retail properties in Singapore and Australia with a combined total asset value of about S$680 million. This makes it unique among Asian REITs in terms of geographical diversification û a fact that some investors said made it more attractive.
However, one observer noted that some Singapore-based investors didnÆt feel familiar enough with the Australian market and the sponsor of the REIT to commit to this hybrid offering, and some no doubt chose to wait instead for...
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