Oue commercial reit announced a rights issue and that it intends to issue approximately 1,2884mln new units to raise gross proceeds of approximately s$5875mln. Oue c-reit bought a property with only 30 years remaining lease and does not enjoy tax-saving while i do agree that lippo plaza only accounts for 30% of the total asset, this shows the incentive of the management. Oue h-reit's initial asset portfolio comprises mandarin orchard singapore and mandarin gallery they are strategically located in the heart of singapore's renowned shopping district of orchard road. Oue c-reit reits stocks sep 17, 2018 by: tam ging wien all examples and stocks quoted here in this article and on the probutterfly tm site are for learning purposes it does not constitute financial advice or a buy/sell recommendation. Oue c-reit - final prospectus (17 jan 2014) - free ebook download as pdf file (pdf), text file (txt) or read book online for free.
Oue commercial real estate investment trust (oue c-reit) is a singapore-based real estate investment trust (reit) the company focuses on investing in income-producing real estate used primarily for commercial purposes in financial and business hubs in key gateway cities its segments include. What investors should know about oue c-reit rights issuance (proposed) by singapore stocks investing september 24, 2018 dear readers, let us watch the video below to learn what investors should know about the oue c-reits rights proposed issuance. Oue c-reit is a singapore reit established with the principal investment strategy of investing, directly or indirectly, in a portfolio of income-producing real estate.
Profile oue c-reit is a singapore reit established with the principal investment strategy of investing, directly or indirectly, in a portfolio of income-producing. Lower gross revenue and higher net finance costs from borrowing hit the payouts at oue commercial reit (oue c-reit) in the second quarter read more at straitstimescom. At the same time, subsidiary oub centre limited, through which oue c-reit holds its interest in one raffles place, has entered into a sgd 370 million unsecured 5-year loan facility agreement with.
Oue commercial reit (oue c-reit) invests in strategically located prime landmark commercial properties in singapore and china it was listed on the sgx on 27 january 2014 with an initial portfolio of two properties valued at s$ 162 billion. Our views range-bound we maintain our hold call on oue commercial reit (ouect) with a revised tp of s$067 while we see long-term value in ouect as it trades at c15% discount to its book value and spot office rents in singapore have started to recover, we believe the stock will trade range-bound in the near term given the headwinds from the loss of income support in fy19 and an expected. Can oue get more properties for the reit at discounted prices or get more yield accretive properties to justify the 03% base management fee + 25% performance fee 2 can oue c-reit sustain the 68% yield they claimed on the front page of the prospectus. Statements of total return statements of financial position review of performance review of oue c-reit group's performance 2q 2018 vs 2q 2017 2q 2018 net property income of s$339 million was 24% lower compared to s$348 million achieved in 2q 2017. Introduction to oue commercial reit oue c-reit is a singapore real estate investment trust (reit) established with the principal investment strategy of.
The following companies saw new developments which may affect trading of their shares on tuesday: source: the business times - companies & markets related posts new wave's jalan besar plaza up for second en. By: tam ging wien on 11-sep-2018, oue c-reit announced a proposed acquisition of the office components of oue downtown for $908mil at first glance, it seems that the transaction seems sound. Oue is selling the office component oue downtown complex to oue commercial real estate investment trust (oue c-reit) for s$908 million ($661 million. Oue commercial real estate investment trust invests in a portfolio of commercial real estate properties in financial and business hubs of singapore and internationally its properties are primarily used for office and/or retail purposes.
On 11th september 2018 (tue), oue commercial reit (oue c-reit) announced a proposed acquisition of the office components of oue downtown for s$908 million. Gordon tang of singhaiyi becomes substantial unitholder in oue c-reit singapore (march 20): chinese tycoon gordon tang has emerged as a substantial shareholder in oue commercial reit (oue c-reit) tang, who heads property developer singhaiyi group, now owns 768% of oue c-reit, up from his previous holding of 488%, following a private placement.
Oue bayfront and oue tower comes with a 99 year leasehold starting from 2007 but lippo plaza property has only a 50 years lease starting from 1994 there will be 3 properties of which oue c-reit will have the right of first refusal and they are. The astoundingly bankable triad oue commercial real estate investment trust (oue c-reit) is a singapore-based real estate investment trust that owns three of the most recognised grade a skyscrapers. Oue commercial real estate investment trust (oue c-reit) is a singapore-based real estate investment trust (reit) the company focuses on investing in income-producing real estate used primarily. Oue h-trust & oue c-reit oue is the sponsor of oue hospitality trust and oue commercial real estate investment trust, established for the purpose of investing in.