Hong Kong real estate giant Link Reit is acquiring two Singaporean retail developments, Jurong Point and Swing By @ Thomson Plaza, for US$1.6 billion.
Upon the transaction's completion with the seller, Mercatus Co-operative Limited, Link will be one of the top 10 retail asset owners in Singapore and the sixth largest shopping center operator by footprints.
As part of the transaction, Link will sign a 10-year asset and property management service contract for AMK Hub, a third suburban shopping center that will continue to be owned by Mercatus.
According to Link CEO George Hongchoy, the transaction allows them to build a dedicated team in Singapore and create a base to expand further into other asset classes and strategies in Asia Pacific.
The two properties generated an annualized net property income of $79 million as of last October.


KOSPI Rebounds 20% as Samsung, SK Hynix Lead South Korea Stock Rally
Stuck in a creativity slump at work? Here are some surprising ways to get your spark back
Why have so few atrocities ever been recognised as genocide?
Disaster or digital spectacle? The dangers of using floods to create social media content
Yes, government influences wages – but not just in the way you might think
Stripe, Advent Reportedly Pursue $53 Billion PayPal Takeover
SpaceX Shares Surge as Wall Street Backs AI Growth Potential
Cisco Forecasts Strong Fiscal 2027 Growth as AI Networking Demand Surges
Columbia Student Mahmoud Khalil Fights Arrest as Deportation Case Moves to New Jersey
US Dollar Holds Firm as Fed Outlook and Iran Tensions Keep Markets on Edge
S&P 500 Hits Record High as Soft Inflation Data Eases Fed Rate Hike Fears
Maersk Raises 2026 Earnings Outlook as Shipping Profits Beat Expectations
The ghost of Robodebt – Federal Court rules billions of dollars in welfare debts must be recalculated
Booked to travel through the Middle East? Here’s why you shouldn’t cancel your flight
Wall Street Hits Record High as Softer Inflation Data Eases Fed Rate Hike Fears
Strait of Hormuz Shipping Near Standstill After New Vessel Attacks 



