Chart of the Day: Check out the top hotel investment transactions for 2019

8 Nov 2019 - Singapore Business Review
Ascott Raffles Place’s 268 rooms sold for an average of $2.4m each. This chart from JLL Singapore reveals the top four hotel investment deals in 2019, led by the sale of Ascott Raffles Place for $353.3m. This equates to each of the hotel’s 146 rooms being sole for $2.4m on average. The sale of Oakwood ...
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Is OUE Limited’s (SGX:LJ3) High P/E Ratio A Problem For Investors? - Simply Wall St

15 Oct 2019 - Simply Wall St

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OUE sells hotel and serviced residence businesses for $289m

19 Sep 2019 - Singapore Business Review
Both components will be brought by DHI Holding. OUE has signed deals to divest its 268-room hotel and serviced residences OUE Downtown Serviced Apartments for a total purchase consideration of $289m, according to an exchange filing. Alkas Realty, an indirect wholly-owned subsidiary of the firm, will ...
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OUE C-REIT and H-TRUST merger kicks into effect to create $6.9b entity

4 Sep 2019 - Singapore Business Review
Its market cap and free float are set to increase to approximately $2.9b and $1.1b, respectively. The proposed merger of OUE Commercial REIT (C-REIT) and OUE Hospitality Trust (H-Trust) has been deemed effective, creating an S-REIT with total assets of approximately $6.9b, an SGX filing revealed. This ...
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OUE profit surges ten-fold to $60.86m in Q2

14 Aug 2019 - Singapore Business Review
It was boosted by its disposal of Aquamarina Hotel Private Limited. OUE’s profits skyrocketed by over a ten-fold to $60.86m in Q2 from $5.32m in 2018, all thanks to the one-off gain arising from the disposal of Aquamarina Hotel Private Limited (AHPL). However, this was partially offset by fair value ...
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OUE C-REIT's Q2 NPI soared 20.1% YoY to $40.8m

9 Aug 2019 - Singapore Business Review
This is mainly due to contribution from the OUE Downtown office acquired last November. OUE Commercial Real Estate Investment Trust (REIT) continued its strong growth throughout the first half of the year as its net profit income (NPI) jumped 20.1% YoY to $40.8m in Q2 from $33.9m last year, an announcement ...
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Did You Manage To Avoid OUE’s (SGX:LJ3) 25% Share Price Drop? - Simply Wall St

10 May 2019 - Simply Wall St

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OUE sells entire equity stake in Nuvest Capital for $1m

24 Apr 2019 - Singapore Business Review
Its stake represents 33% of the issued share capital of the firm. OUE’s wholly-owned subsidiary OUE Investments has sold and transferred its entire equity stake in GIC-backed investment firm Nuvest Capital for $1m, an announcement revealed. Also read: OUE Limited buys 49.7% stake in Superfood Retail ...
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S-REIT mergers to intensify after OUE deal

10 Apr 2019 - Singapore Business Review
Potential merger candidates include trusts worth $1b and below. Talks of consolidation amongst Singapore’s real estate investment trusts (REITs) are expected to ramp up following OUE Commercial REIT’s proposed merger with OUE Hospitality Trust, according to a report by Bloomberg. The OUE merger will ...
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Is bigger always better? OUE's mega-merger fails to soothe investor jitters

10 Apr 2019 - Singapore Business Review
Investors usually opt for a REIT purely focused on a particular sub-asset class. The proposed merger of OUE Commercial Trust (OUECT) and OUE Hospitality Trust (OUEHT) into a $6.7b entity does not necessarily entail that bigger is better. OUECT earlier offered to buy OUEHT via a cash and stock deal that ...
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