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Mercatus transaction to benefit CICT, FCT and LREIT: DBS

Felicia Tan
Felicia Tan6/23/2022 04:21 PM GMT+08  • 5 min read
Mercatus transaction to benefit CICT, FCT and LREIT: DBS
One of the NTUC outlets in Singapore. Photo: Bloomberg
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The sale of the retail malls under Mercatus Co-operative, a unit of NTUC Enterprise Co-operative, will be keenly watched, says DBS Group Research analysts Geraldine Wong and Derek Tan in a June 23 report.

On June 16, Bloomberg reported that the NTUC unit is exploring a sale of its retail malls, AMK Hub, Jurong Point, Nex and Swing By @ Thomson Plaza, for a sum of $4 billion.

We are excited by this sizable opportunity, given the lack of tight ownership of retail real estate in Singapore,” the analysts write, calling the transaction a “landmark” one.

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