OUE REIT eyes office expansion with 2,100 sq m Bayfront conversion
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OUE Real Estate Investment Trust (OUE REIT) plans to convert its Level 17 chiller system area at OUE Bayfront into office space, following planning approval. The $43 million project, expected to be completed by mid-2027, will create over 2,100 square meters of additional rental space and aims for a return on investment exceeding 11%. Funding will come from existing loan facilities, with no significant impact on the net tangible assets or leverage of OUE REIT for the financial year ending December 31.
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Source: Singapore Business Review The copyright of this article belongs to the original author/organization.
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