Shares & Derivatives
Office Reits comrades, bite the bullet!
By Endorphins Finance  •  March 16, 2015
As quoted from last Sat's Straits Times, " With the bulk of the supply in the pipeline coming on stream only in 2016 and 2017, we expect office rents to soften unless we see the entry of new firms," said DZ research head Lee Nai Jia. The 2 most prominent buildings out of the many are for now, CapitaGreen and South Beach Tower. Musical chairs effect? Lloyd's Asia from Asia Sq tower 1 to CapitaGreen Schroders from OCBC Centre & 11 Beach Road to CapitaGreen Facebook from 158 Cecil Street to South Beach Rabobank from Robinson 77 to South Beach Oracle vacating 70k sq ft at Suntec City Tower 4 to  Galaxis in one-north Barclays Bank leasing about 60k sq ft at One Raffles Quay, is expected to give up at least one floor (1/3 interest each - Keppel Reit & Suntec Reit) In early Mar-15, news also reported that ......
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By Endorphins Finance
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