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The bids are in! DBS takes a closer look at the bidders for the Mercatus portfolio

Felicia Tan
Felicia Tan8/10/2022 01:05 PM GMT+08  • 6 min read
The bids are in! DBS takes a closer look at the bidders for the Mercatus portfolio
One of the NTUC outlets in Singapore. Photo: Bloomberg
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DBS Group Research analysts Derek Tan, Jeff Yau, Rachel Tan, Geraldine Wong, Dale Lai and Percy Leung are taking a closer look into the interested buyers who have reportedly placed their bids for the retail malls under Mercatus Co-operative, a unit of NTUC Enterprise Co-operative.

See: Mercatus transaction to benefit CICT, FCT and LREIT: DBS

“Given the rare opportunity to gain (or deepen) one’s foothold in Singapore’s suburban retail landscape, we believe that a transaction (if materialised) will likely be at a tight cap rate,” says the team led by Tan in their Aug 10 report.

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