- Possible landmark transaction involving Mercatus’s four dominant suburban retail malls to mark the “real estate deal of 2022”.
- Singapore real estate allures international investors as a store of wealth; retail incumbents will be keen to get their hands on it.
- Suburban capital values to remain resilient despite rising interest rates, ahead of expectations.
- - Read this at SGinvestors.io -
Possible landmark transaction involving Mercatus’s retail mall portfolio will be keenly watched.
- Mercatus is looking at possibly divesting its stakes in four suburban retail malls (AMK Hub, Jurong Point, NEX, and Swing By @ Thomson Plaza) for a reported ~S$4.0bn. We are excited by this sizable opportunity, given the lack of tight ownership of retail real estate in Singapore.
- - Read this at SGinvestors.io -
- Assuming a 68%-70% operational margin, we estimate FY21 yields to range between 4.3%-4.4% (pre-COVID yields were 4.6%-4.8%), which is at a similar level to recent transactions within the retail space.
Singapore real estate’s enduring allure likely to evoke strong interest amongst the local incumbents.
- Read more at SGinvestors.io.
