“We have consistently shown our confidence in Suntec REIT, via our significant long-term unitholding,” he adds.
Acrophyte Asset Management, an entity controlled by Gordon Tang, has entered into a conditional sale and purchase agreement with ESR Group’s subsidiaries to acquire ESR’s 100% indirect interest in the manager of Suntec REIT.
“With capable leadership from the manager and seasoned oversight from the board, Suntec REIT has built an iconic portfolio of assets with a focus on Singapore,” says Tang.
