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Suntec REIT remains CGS-CIMB top pick in SREIT space on overhang removal

PC Lee
PC Lee7/2/2019 04:15 PM GMT+08  • 2 min read
Suntec REIT remains CGS-CIMB top pick in SREIT space on overhang removal
SINGAPORE (July 2): CGS-CIMB Research is maintaining Suntec REIT as one of its top picks in the SREIT space.
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SINGAPORE (July 2): CGS-CIMB Research is maintaining Suntec REIT as one of its top picks in the SREIT space.

CGS-CIMB says the acquisition of an office property in Pyrmont, Sydney, should remove the share price overhang due to the unused proceeds from the recent placement.

Suntec REIT acquires Grade A office building in Sydney for A$297 mil

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