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CapitaLand, Link Reit vying for NTUC’s S$4b mall portfolio

THU, JUL 21, 2022 - 4:12 PM  UPDATED FRI, JUL 22, 2022 - 8:56 AM


CAPITALAND Integrated Commercial Trust (CICT) and Link Real Estate Investment Trust (Link Reit) are among bidders vying for NTUC Enterprise Co-operative Ltd’s S$4 billion portfolio of shopping malls in Singapore

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Mercatus Co-operative, a unit of NTUC that holds the properties, is working with a financial adviser on the potential sale

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Mercatus owns and runs the AMK Hub, Jurong Point and Swing By @ Thomson Plaza, and co-owns NEX. The company also has strata-titled assets within retail malls and at sites in various locations across Singapore, and One Marina Boulevard, a 31-storey office building.


https://www.businesstimes.com.sg/compani...io-sources

Now singpost too. some rejig of temasek/glc linked companies.

Link reits is from HK right. The total return outperform Nasdaq.