Having grown into a household name, INSEE Sanstha Cement, has once again been ranked amongst Sri Lanka’s 100 Most Loved Brands by LMD’s Brands Annual ranking – one of the most comprehensive and popular annual analyses of brands in the country, compiled by Brands Finance (UK). The 100 Most Loved Brands ranking is the result.
OUE Bayfront complex offers 400,000 square feet of net lettable area
19 Jan 2021 |
The Asset
Allianz Real Estate, on behalf of the National Pension Service of Korea (NPS) and Allianz group companies (Allianz), has agreed to acquire a 50% stake in OUE Bayfront in Singapore for S$634 million (US$477 million). The deal with the manager of OUE Commercial REIT is expected to close at the end of February.
The agreed value translates to a passing yield of 3.6%. The seller will guarantee, subject to an aggregate cap of S$6 million, the net property income for the first year and second year following the completion of the deal.