SINGAPORE Link Real Estate Investment Trust, Asia's biggest REIT, has emerged as the frontrunner to buy a portfolio of assets from Singapore shopping mall owner NTUC Enterprise Co-operative Ltd, multiple sources told Reuters on Monday (Nov 28). Acquisition of the assets in what would be Southeast Asia's biggest real estate transaction of 2022 could boost Link REIT's valuations, analysts.
Singapore shopping mall owner NTUC Enterprise Co-operative Ltd has scaled down the size of a planned asset sale to about $3 billion, or three-fourths of the original proposal, while short-listing three potential buyers, sources familiar with the matter said. Singapore’s rising interest rates and a tepid growth outlook have prompted Mercatus Co-operative Ltd, a unit of NTUC that manages the.
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