Marina Bay Sands (MBS), owned by Las Vegas Sands is considering selling or sub-dividing MBS when its government-imposed moratorium expires in 2017.
MBS parent Las Vegas Sands (LVS) was said to be considering selling its luxury mall either in full or a partially.
Interest in buying MBS was said to be high because of its high profile and visibility in Asia.
Shopping Centre Operators, Funds, Retail REITs and institutional investors from overseas are named as participants who might be interested in investing in MBS for global/Asia exposure.
The possible price tag attached to MBS is US$4/5 billion base on an US$150 million operating income.
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While many expect the mall to be sold in full to large investors (Institutions or Funds), we think there might be a possibility for the mall to be listed as a Real Estate Investment Trust (REIT) on the Singapore Exchange.
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