Reported about 11 hours ago
JD.Com's property investment arm, along with Partners Group and EZA Hill Property, plans to launch a Singapore-based real estate investment trust (REIT) potentially valued over $1 billion. This move reflects growing confidence in Singapore's REIT market and aims to expand into Southeast Asia's industrial and logistics sectors. The planned REIT follows the acquisition of logistics assets from CapitaLand and is expected to be established by October, amid rising investor interest in the region.
Source: YAHOO