Singapore real estate firm Overseas Union Enterprise (OVES.SI) said it is looking to launch an office REIT by 2013 when the upgrading of its properties are expected to be completed.
"Our view is that 2013 would be a very good time because by then our asset enhancement initiatives hopefully will have been completed," chief financial officer Rudi Chuan told reporters.
Indonesia's Lippo Group took control of OUE last year after buying out partner Malaysian billionaire Ananda Krishnan in a deal valued at $852 million.
Friday, April 15, 2011
OUE says looking to launch office REIT by 2013
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