Will Hongkong Land seek to control the manager of Suntec Reit or the trust’s most prized properties?
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Hongkong Land has announced a strategy to double its underlying profit before interest and tax, double dividends per share, recycle up to US$10 billion in capital, and grow assets under management to US$100 billion by 2035. The company has sold its property development business, MCL Land, to Sunway Group and launched the Singapore Central Private Real Estate Fund (SCPREF), with founding investors Qatar Investment Authority and APG Asset Management.
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