Oue bayfront and oue tower comes with a 99 year leasehold starting from 2007 but lippo plaza property has only a 50 years lease starting from 1994 there will be 3 properties of which oue c-reit will have the right of first refusal and they are. If you are an existing shareholder, you should be aware of the proposed acquisition of the office components of oue downtownyou might be aware that i actually do like rights issue as they present an opportunity to accumulate more shares at a lower price. 2013 non-executive chairman of the board of oue commercial reit management pte ltd mr christopher james williams serves as non-executive chairman of the board of oue commercial reit management. Oue c-reit is a singapore real estate investment trust listed on the mainboard of singapore exchange securities trading limited with the principal investment strategy of investing, directly or indirectly, in a portfolio of income-producing real. Oue commercial reit announced a rights issue and that it intends to issue approximately 1,2884mln new units to raise gross proceeds of approximately s$5875mln.
Oue c-reit to buy oue downtown offices for $908m 11 sep 2018 - singapore business review they will issue 129 billion units to partially fund the acquisition oue commercial real estate investment trust (oue c-reit) will acquire the office component of oue downtown for $908m from oue subsidiary alkas, an announcement revealed. Oue c-reit, which comprises oue bayfront and lippo plaza, ipo at a price of $080 it offers investor a yield of 68% which is considered rather high for a non-industrial reit the price-to-book ratio is 077x which offers investor a 'discount' to the book value that is one of the largest among all the s-reits. Oue c-reit is a singapore reit established with the principal investment strategy of investing, directly or indirectly, in a portfolio of income-producing real estate used primarily for commercial purposes (including real estate used primarily for office. Oue limited, oue commercial reit: oue commercial real estate investment trust (oue c-reit) has agreed to buy the office components of the oue downtown development from sponsor oue for $908 million.
Oue commercial reit (oue c-reit) invests in strategically located prime landmark commercial properties in singapore and china it was listed on the sgx on 27 january 2014 with an initial portfolio of two properties valued at s$ 162 billion. Our views range-bound we maintain our hold call on oue commercial reit (ouect) with a revised tp of s$067 while we see long-term value in ouect as it trades at c15% discount to its book value and spot office rents in singapore have started to recover, we believe the stock will trade range-bound in the near term given the headwinds from the loss of income support in fy19 and an expected. Besides calling for the appointment of independent experts to review the reit's strategy, performance and governance, the firm has also previously proposed that spring reit's management function be internalised and that storie be appointed as a non-executive director. Oue, which owns 8675 million units representing 559 percent stake in oue c-reit, has agreed to fully subscribe for its entitlement in the rights issue it is also sub-underwriting 66 percent of the total number of underwritten rights unit.
To part finance the proposed transaction, oue c-reit will undertake an underwritten and renounceable rights issue of 129 billion new units in oue c-reit to raise gross proceeds of $5875 million. Oue h-reit's initial asset portfolio comprises mandarin orchard singapore and mandarin gallery they are strategically located in the heart of singapore's renowned shopping district of orchard road. Oue commercial reit (oue c-reit) successfully priced its 303% fixed-rate notes to $150m according to an announcement, the notes are expected to be issued on 5 september 2017 to mature in 2020 these notes are payable semi-annually in arrear. Oue c-reit rights issue for oue downtown offices acquisition 'unabashedly' dilutive singapore (sept 11): oue commercial reit (oue c-reit) shocked the market on tuesday morning by announcing an unabashedly dilutive rights issue, one not seen among the s-reits since sabana shariah compliant industrial reit's announcement in dec 2016. By: tam ging wien on 11-sep-2018, oue c-reit announced a proposed acquisition of the office components of oue downtown for $908mil at first glance, it seems that the transaction seems sound.
This page offers an in-depth profile of oue commercial reit, including a general overview of the company's business and key management. Back in 2014, when oue c-reit had its ipo, i warned that its gearing was too high and its distribution yield (which was financially engineered to be higher through income support given by the sponsor) was too low given its ipo price of 80c a unit the ipo was a good deal for oue limited cheers. Oue commercial real estate investment trust (oue c-reit) is a singapore-based real estate investment trust (reit) the company focuses on investing in income-producing real estate used primarily.
Oue commercial reit (ouect)'s gearing remains stable at c40% the original increase from c37% at end fy17 is mainly due to the debt funded redemption of s$100m worth of cppus in january 2018 borrowing costs ticked up marginally to 35% from 34% at end 1q18 but was stable from 35% level at end 4q17. Statements of total return statements of financial position review of performance review of oue c-reit group's performance 2q 2018 vs 2q 2017 2q 2018 net property income of s$339 million was 24% lower compared to s$348 million achieved in 2q 2017. Oue c-reit net property income up 18% to $3528m in q1 11 may 2018 - singapore business review it was able to cut maintenance expenses and utilities cost oue commercial reit's net property income (npi) rose 18% from $3464m to $3528m in the first quarter of 2018.
Oue c-reit reits stocks sep 17, 2018 by: tam ging wien all examples and stocks quoted here in this article and on the probutterfly tm site are for learning purposes it does not constitute financial advice or a buy/sell recommendation. Speaker: tay wee kuang date: 17 september 2018 कम मेहनत मे regular income कैसे बनाएँ. Oue-c reit has entered in an agreement to purchase the office part of oue downtown development from its sponsor oue it plans to pay the price of s$908 million by raising capital on the market, with a right issue of 83 new units per 100 held.
Oue commercial reit : proposed acquisition of oue downtown oue commercial reit (ouect) announced that it has entered into an agreement to acquire the office component of oue downtown from its sponsor for s$908m, which is at a 20-39% discount to the appraised value of s$945m and s$927m conducted by colliers and savills respectively. Oue commercial real estate investment trust invests in a portfolio of commercial real estate properties in financial and business hubs of singapore and internationally its properties are primarily used for office and/or retail purposes. Oue c reit issued 393,305,817 new units in august as part of a 9 for 20 rights issue to partly finance the acquisition of an indirect interest in one raffles place the reit's distribution per unit (dpu) of 146c for the quarter, excluding new units issued under the rights issue, was 21 per cent higher than a year ago.