Manulife US Reit went on acquisition mode and bought 10 Exchange Place in New Jersey. Lion Global Investors believes valuations on S-Reit assets are conservative. Jurong Point was sold at a capitalisation rate of about 4.2 per cent; the capitalisatio
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Lion Global Investors believes valuations on S-Reit assets are conservative. Jurong Point was sold at a capitalisation rate of about 4.2 per cent; the capitalisation rate of comparable assets held by retail Reits here is at least 4.75 per cent.
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PHOTO: GUTHRIE AND LEE KIM TAH