Listed on 24 July 2013, SPH REIT owns and derives income from two retail malls namely Paragon and The Clementi Mall. Lately, it has acquired The Rail Mall, an established retail strip located along Upper Bukit Timah Road. Combined, it has portfolio of a net lettable area (NLA) of 961,523 sq. ft. of retail spaces worth S$ 3.368 billion as at 31 August 2018.
In this article, I’ll bring you an update on its latest financial results and its status on asset enhancement initiatives (AEI) works carried on its properties. Here are 8 things to know about SPH REIT before you invest.
Paragon is an upscale retail mall located along Orchard Road. In 2018, SPH REIT has introduced a new integrated ‘without inter-tenancy walls’ concept on Level 3 which creates a new shopping experience for shoppers and enables synergies via cross-marketing opportunities among its tenants. The phased opening