Upon expiry on June 2037, there is an option for either party to renew for six years and thereafter, at the option of Toshin, extend for another three years.
RHB Bank Singapore's Vijay Natarajan has kept his "buy" call on Starhill Global REIT (SGX:P40U
) , along with a raised target price of 58 cents from 56 cents, after it renewed a long-term lease with its anchor tenant on what has been seen as favourable terms.
Toshin, which operates the Takashimaya department store within Ngee Ann City, a key asset of the REIT, has signed a new 12-year master lease starting from June 2025.
