Mercatus divests two retail assets in Singapore for $2.16 billion to Link REIT

Link REIT, a real estate investment trust (REIT) based in Hong Kong, recently announced the acquisition of two retail assets from Mercatus, a Singapore-based real estate fund manager, for a total of $2.16 billion. The properties are located at Changi City Point and Tampines 1, both of which are major shopping malls in Singapore. The acquisition is part of Link REIT’s strategy of expanding its portfolio of retail assets in the Asia-Pacific region.

The acquisition highlights Link REIT’s continued commitment to investing in the retail sector, particularly in Singapore. The two properties are located in key retail locations in Singapore and will add to Link REIT’s existing portfolio of retail assets in the country. The acquisition will also strengthen Link REIT’s presence in Singapore, as the trust already owns two shopping malls in the country.

In addition to the retail assets, Link REIT is also acquiring two office properties located in Singapore’s Central Business District. The properties are located at the Gateway and Topaz buildings, both of which are Grade A office buildings. The acquisition of the office properties will further diversify Link REIT’s portfolio and provide the trust with additional income from office tenants.

The acquisition of the four properties from Mercatus is the latest in a series of acquisitions made by Link REIT. The trust has previously acquired a number of retail assets in other Asian countries, such as China, Japan and South Korea. Link REIT has also made several investments in office and industrial properties in China. The trust has also acquired a number of retail assets in Hong Kong.

The acquisition of the four properties from Mercatus will add to Link REIT’s existing portfolio of retail assets in Singapore and further diversify the trust’s income streams. The acquisition reflects Link REIT’s commitment to investing in the retail sector, particularly in Singapore. The two retail properties are located in prime shopping locations and will offer the trust additional sources of income. The two office properties located in Singapore’s Central Business District will also provide Link REIT with additional sources of income from office tenants.

The acquisition of the four properties from Mercatus is also strategically advantageous for Link REIT, as the trust will be able to leverage the properties to expand its portfolio in the Asia-Pacific region. The acquisition will also bolster Link REIT’s presence in Singapore, which is a key market for the trust.

The acquisition of the four properties from Mercatus is the latest in a series of acquisitions made by Link REIT in the Asia-Pacific region. The trust has previously acquired a number of retail assets in other Asian countries, such as China, Japan and South Korea. The acquisition of the four properties from Mercatus is a strategic move for Link REIT, as it will add to the trust’s existing portfolio of retail assets in Singapore and further diversify its income streams. The acquisition will also bolster Link REIT’s presence in Singapore, which is a key market for the trust.

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *