Dexus

Dexus' transaction of a Sydney property at 17% discount to valuation could impact S-REITs

(Nov 26): GIC, Singapore’s sovereign wealth fund, and Dexus, an Australian REIT, have established the Dexus Australian Logistics Trust, a new A$2 billion ($2.75 billion) unlisted trust, to invest in logistics properties in Australia.

SINGAPORE (Aug 10): CIMB Research is upgrading its “reduce” call on Suntec REIT to “hold” with a higher target price of $1.68 on its latest acquisition.