Singapore REITs Double Their Overseas Investment to $12 Billion
- Foreign M&A by Singapore real estate trusts at record in 2021
- CapitaLand Investment says local portfolio share will shrink
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Singapore’s property managers are accelerating their push abroad as a slow reopening and diminishing returns at home force them to look for growth opportunities elsewhere.
Foreign acquisitions by real estate investment trusts in the city-state jumped to an all-time high of 61 last year, data compiled by Bloomberg show. The total value of such deals also more than doubled from 2020 to $12.3 billion.