Perennial Real Estate Holdings Limited (SGX: 40X) is an integrated real estate and healthcare company formed through the reverse takeover of St James Holdings in 2014.
Within a short time from 2014, it has gained a firm foothold in the China market with its signature mixed-use projects.
In this article, let’s take a look at its asset portfolio, earnings, and growth potential.
Business Overview
Perennial owns, develops, and manages more than 65 million square feet of mixed-use developments in China, Singapore, Malaysia, and Indonesia.
In China, the group is developing 4 integrated projects adjacent to major High-Speed Railway (HSR) stations in Chengdu, Xian, Tianjin, and Kunming. These regional medical and commercial hubs comprise healthcare, medical, retail, and office facilities with easy access to commercial areas and HSR commuters. Other notable projects are found in Beijing, Shenyang, and Zhuhai, mostly integrated developments featuring retail, office, and residential components.
In Singapore, Perennial owns iconic buildings such as AXA Tower, Capitol Singapore, and CHIJMES....