Following Suntec REIT’s $756 million acquisition of properties in London on Oct 8, analysts at CGS-CIMB, DBS Group Research and OCBC Investment Research have maintained their “add” or “buy” calls.
See: Suntec REIT diversifies into UK with $756 million acquisition of London properties
Chong Kee Hiong, the CEO of Suntec REIT’s manager says that the move is a “strategic fit” to the REIT’s existing portfolio in Singapore and Australia.
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