The manager of OUE
In celebration of its 10th anniversary, the manager says the new name better reflects OUE REIT’s current focus on growth opportunities in the hospitality, office and retail sectors, and its commitment to providing resilient and sustainable return through portfolio diversification.
OUE REIT’s principal investment strategy, to invest in accretive prime assets in hospitality, retail and commercial buildings located in key business cities, will remain unchanged.
“As we celebrate the 10th anniversary, we rebrand ourselves to reflect our continual journey of asset diversification for greater resilience. We are committed to actively pursuing growth opportunities in great assets at excellent locations,” says Lee Yi Shyan, chairman and non-independent non-executive director.
Han Khim Siew, CEO of the manager, says: “We are excited to embark on our next chapter with the new brand. Over the past decade, OUE REIT has successfully scaled up its portfolio, strengthened its capital structure, and optimised its premium portfolio. With this solid foundation in place, our forward-looking leadership team will continue to drive OUE REIT's growth and provide long-term returns to our unitholders in the years to come.”
OUE REIT’s security and counter names will be updated accordingly as follows and will take effect from Jan 29 at 9.00am. Its trading code TS0U remains unchanged.
See also: IREIT signs 20-year lease contract with UK hotel chain, Premier Inn, in Berlin Campus
Shares in OUE REIT closed 0.5 cents higher or 1.85% up at 27.5 cents.
