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Another 2-property REIT? Seems to be the flavour of the day ever since SPH tried it.
I have to say that OUE Bayfront is a very enticing asset. But I wonder why not the other commercial assets too? 6 Shenton Way Tower One and Two (formerly DBS Building) will be a perfect fit. As will One Raffles Place. So when a company tries to spin-off a REIT from its assets, but cherry-pick which assets not to inclue, you can't help but be a little wary.
And why acquired LCR assets? Score one for the anti-REIT camp and their 'parent company dumping asset' theory.
Managed to find a copy of LCR's annual report and here's a list of the potential asset to be acquired by OUE Commercial REIT.
[Image: LCR-Assets_zpsb95b0ff8.jpg]
I have to say that OUE Bayfront is a very enticing asset. But I wonder why not the other commercial assets too? 6 Shenton Way Tower One and Two (formerly DBS Building) will be a perfect fit. As will One Raffles Place. So when a company tries to spin-off a REIT from its assets, but cherry-pick which assets not to inclue, you can't help but be a little wary.
And why acquired LCR assets? Score one for the anti-REIT camp and their 'parent company dumping asset' theory.
Managed to find a copy of LCR's annual report and here's a list of the potential asset to be acquired by OUE Commercial REIT.
[Image: LCR-Assets_zpsb95b0ff8.jpg]