Chong Kee Hiong, the CEO of Suntec REIT’s manager says that the move is a “strategic fit” to the REIT’s existing portfolio in Singapore and Australia.
Following Suntec REIT’s $756 million acquisition of properties in London on Oct 8, analysts at CGS-CIMB, DBS Group Research and OCBC Investment Research have maintained their “add” or “buy” calls.
