GuocoLand, the developer controlled by Malaysian tycoon Quek Leng Chan, said it will review setting up a real estate investment trust as a possible strategy to extract value from its property portfolio. The company said it currently has no plans to establish such a trust, responding to a report in The Business Times newspaper. GuocoLand is considering listing an office real estate investment trust and another trust holding retail assets, the newspaper reported today, without citing anyone.
Wednesday, December 29, 2010
GuocoLand: No plans to establish REIT
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