Real estate deals leading local surge in mergers and acquisitions

Growing optimism amid Covid-19's fading impact on cash flows, stabilising share prices

The key driver was the proposed US$7.998 billion merger of CapitaLand Mall Trust and CapitaLand Commercial Trust.
The key driver was the proposed US$7.998 billion merger of CapitaLand Mall Trust and CapitaLand Commercial Trust. ST PHOTO: KUA CHEE SIONG
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He believes the relatively low cost of raising capital will boost real estate acquisitions in the industrial space, especially given that demand for logistics and data centres is expected to spike.

Some office and hospitality Reits may recycle proceeds from past divestments to claw back their lost income, he noted.

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A version of this article appeared in the print edition of The Straits Times on October 07, 2020, with the headline Real estate deals leading local surge in mergers and acquisitions. Subscribe