- Bids are in for Mercatus retail portfolio; key retail-focused landlords in Singapore and Hong Kong are reportedly interested.
- Positive implications for CapitaLand Integrated Commercial Trust tapping sponsor for capital a likely strategy.
- - Read this at SGinvestors.io -
- We believe that other potential contenders (Frasers Centrepoint Trust, Lendlease REIT-led consortiums) could be conservative in their bids given the significant equity commitment.
Bids are in for Mercatus!
- - Read this at SGinvestors.io -
- Given the rare opportunity to gain (or deepen) one’s foothold in Singapore’s suburban retail landscape, we believe that a transaction (if materialised) will likely be at a tight cap rate.
- We look at the potential impact on the parties that are reportedly interested in this portfolio:
CapitaLand Integrated Commercial Trust: Will it try on its own?
- Read more at SGinvestors.io.
Above is the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @ https://www.dbs.com/insightsdirect/.
Derek TAN DBS Group Research | Jeff YAU DBS Research | Rachel TAN DBS Research | https://www.dbs.com/insightsdirect/ 2022-08-10
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