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OUE Commercial Real Estate Investment Trust ( (SG:TS0U) ) has shared an announcement.
OUE Commercial Real Estate Investment Trust has confirmed it is in exclusive talks with Mitsubishi Estate Asia Pte. Ltd. regarding a potential acquisition of a partial stake in Salesforce Tower in Sydney, as part of its strategy to pursue growth opportunities in major gateway cities outside its core Singapore market. The manager emphasized that negotiations remain ongoing, no binding agreement has been signed, and there is no certainty a deal will materialize, while advising unitholders and potential investors to exercise caution when trading OUE REIT units pending any further material developments to be disclosed via SGXNET.
The most recent analyst rating on (SG:TS0U) stock is a Buy with a S$0.40 price target. To see the full list of analyst forecasts on OUE Commercial Real Estate Investment Trust stock, see the SG:TS0U Stock Forecast page.
More about OUE Commercial Real Estate Investment Trust
OUE Commercial Real Estate Investment Trust is a Singapore-listed real estate investment trust focused primarily on income-producing commercial properties, with Singapore as its core market. Managed by OUE REIT Management Pte. Ltd., the trust targets assets in key gateway cities with strong real estate fundamentals and stable long-term growth prospects.
Average Trading Volume: 2,259,514
Technical Sentiment Signal: Buy
Current Market Cap: S$1.96B
See more insights into TS0U stock on TipRanks’ Stock Analysis page.