“We think there may be potential for some boost in overall space utilisation as well,” says analyst Lock Mun Yee in a Thursday report.
SINGAPORE (Mar 23): CIMB says the asset enhancement initiative (AEI) for One Raffles Place (ORP) is likely to improve the mall’s shopper circulation, as well as create more open retail areas with better visibility.
The other is the prospect of greater earnings visibility for OUE Commercial REIT (OUE C-REIT) through a longer-than-current-average lease term while having a larger single tenant which could optimise property management resources.
