Link REIT leads the race to buy Singapore shopping malls

Link REIT leads the race to buy Singapore shopping malls

Photo: Pixabay

Link Real Estate Investment Trust, Asia’s biggest REIT, has emerged as the frontrunner to buy a portfolio of assets from Singapore shopping mall owner NTUC Enterprise Co-operative Ltd, multiple sources told Reuters on Monday.

Acquisition of the assets in what would be Southeast Asia’s biggest real estate transaction of 2022 could boost Link REIT‘s valuations, analysts have said.

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