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CICT’s proposed acquisition of stake in Ion Orchard ‘opportune’; S-Reits expected to make more buys

by Sarkiya Ranen
in Technology
CICT’s proposed acquisition of stake in Ion Orchard ‘opportune’; S-Reits expected to make more buys
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Interest-rate cuts are imminent, and market appetite for equity fund-raising is improving, say analysts

THE proposed acquisition of a 50 per cent stake in Ion Orchard, one of Singapore’s largest malls, by , comes at an “opportune time” – ahead of potential rate cuts and an improving market appetite for equity fund-raising.

Analysts say that the transaction, which amounts to S$1.85 billion based on 50 per cent of the agreed property value, also marks the start of more such transactions among Singapore-listed real estate investment trusts, or S-Reits.

“We expect more transactions, including both acquisitions and divestments, in the coming months as interest rates decline,” said Darren Chan, a senior research analyst at Phillip Securities Research.



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Tags: AcquisitionBuysCICTsExpectedIonopportuneOrchardProposedSReitsStake
Sarkiya Ranen

Sarkiya Ranen

I am an editor for Ny Journals, focusing on business and entrepreneurship. I love uncovering emerging trends and crafting stories that inspire and inform readers about innovative ventures and industry insights.

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