OUE hospitality division to manage sprawling resort on Funtasy Island

3 Apr 2013 - Singapore Business Review
MHR chosen for its "hospitality expertise". Asian hospitality chain Meritus Hotels & Resorts (MHR), the hospitality division of Overseas Union Enterprise Limited, has signed a Memorandum of Agreement with Funtasy Island Development (FID) Pte Ltd for the management of a deluxe resort development comprising ...
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3 potential assets OUE could inject to its REIT portfolio

2 Apr 2013 - Singapore Business Review
The REIT is worth around $2b. According to Phillip Securities, OUE announced on Mar 21 that it is currently exploring the establishment of a REIT to be listed on the Main Board of SGX-ST and is in preliminary discussion with several banks. Based on its property portfolio, Phillip Securities believes ...
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What’s Happening with REITs

27 Mar 2013 - The Motley Fool Singapore
As March draws to a close, Real Estate Investment Trust (REIT) investors will have quite a bit to mull over, starting with the scrutiny of REITs by ratings agencies such as Fitch Ratings and Standard & Poor’s. Elsewhere, newspaper publisher and property developer Singapore Press Holdings (SGX: T39) announced ...
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Why OUE's latest US asset acquisition was just an 'opportunistic move'

19 Mar 2013 - Singapore Business Review
Historical cost is ~US$350m. According to CIMB, OUE mentioned previously that it was looking to acquire a “distressed” asset in the US with the potential to recycle for a profit in the future. In 4Q12, Cushman & Wakefield says that the office market in Greater LA is now on firmer ground, with vacancy ...
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2 revelations from OUE's targeted US asset acquisition

12 Mar 2013 - Singapore Business Review
Historical cost is ~US$350m. According to CIMB, OUE mentioned previously that it was looking to acquire a “distressed” asset in the US with the potential to recycle for a profit in the future. In 4Q12, Cushman & Wakefield says that the office market in Greater LA is now on firmer ground, with vacancy ...
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OUE shells out S$459m for US Bank Tower in Los Angeles

12 Mar 2013 - Singapore Business Review
Related properties are also bought. In a release, Overseas Union Enterprise announced it is to acquire the US Bank Tower and related properties Maguire Gardens and a car park facility in downtown Los Angeles. US Bank Tower is a Class A office property at the foot of Bunker Hill. Rising to 1,018 feet, with ...
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Singapore's Overseas Union Enterprise Buys L.A.'s US Bank Tower In $367.5 Million Deal - International Business Times

11 Mar 2013 - International Business Times

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Why OUE's occupation period for Twin Peaks gets a two thumbs up

7 Mar 2013 - Singapore Business Review
It is currently 13% sold. According to Maybank Kim Eng, OUE mentioned that it is in talks with authorities to convert one tower of Twin Peaks and DBS Tower One into serviced apartments, which can then be combined into a hospitality REIT. It expects minimal DC charges as the value derived from existing ...
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OUE junks idea of expanding into Australia, Europe for now

5 Mar 2013 - Singapore Business Review
It's looking at tier-3 China cities. According to Maybank Kim Eng, OUE sees limited growth opportunities in Singapore in the next 2-3 years, especially with existing high property prices. Following the attempted acquisition, OUE has been receiving many acquisition offers from overseas. It cited that ...
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OUE eyes swooping in on tier-3 cities in China

27 Feb 2013 - Singapore Business Review
Including gateway cities in the US. According to Phillip Securities, following the decision to call off the acquisition of F&N, the concern of overpaying is now removed in the firm's view. The relevant acquisition costs and fees are well covered by the break fee of $50mn provided by F&N. The report said ...
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