Suntec Reit

The plans come after a review that could help improve the real estate investment trust’s capital structure

Manager says current asset recycling efforts remain focused on Australia assets and Suntec office strata units

Distributable income is up 25.5% at S$116.5 million for the half year

She will also be appointed to the board’s nominating and remuneration committee

Investing in a Reit where another group is the sponsor may be hardly optimal for the property giant

Retail revenue gets boost from higher occupancy and rent at Suntec City mall, says manager

Wait-and-see stance and cautious spending slow bookings, but pipeline remains steady with no cancellations for Suntec and other operators

New sponsor Tang Organization had said it will undertake a review to strengthen Reit’s portfolio performance, enhance capital efficiency

A greater focus on value unlocking moves versus acquisitions could go a long way in sustaining investor enthusiasm