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Link REIT Buys Two Singapore Retail Assets For S$2.161 Billion

Dec 29, 2022 – Link Asset Management Limited, the manager of Link Real Estate Investment Trust (Link REIT, said it will acquire two suburban retail assets in Singapore, Jurong Point and Swing By @ Thomson Plaza, from Mercatus Co-operative Limited (Mercatus) for a total consideration of S$2.161 billion. The two properties are close to full occupancy and generated an annualised net property income of S$106 million as of October 2022, the company said in a statement.