- Starhill Global REIT (SGX:P40U)’s operational performance has been on a steady uptrend, backed by healthy uplift at Singapore assets which achieved full occupancy as well as occupancy improvements across its overseas portfolios.
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- The recent renewal of Toshin Development Singapore’s master leases has removed a key overhang and its balance sheet is in good shape.
Healthy recovery at Singapore assets
- Healthy recovery at Starhill Global REIT's Singapore assets, with both retail and office portfolios achieving full committed occupancies (since Jun 2023) despite ongoing renovation works.
- Rent reversion for office leases is in double digits, with demand stemming from family offices, fashion brands, overseas F&B players, and the medical sector.
- - Read this at SGinvestors.io -
Long Toshin master leases with room for upside.
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