S-REITs - Week 52 - 2024

( YTD: -1.75% | 5D: +1.82%)

 27 Dec - Asset Acquisitions And Disposals :: Oue REIT - Completion Of The Divestment Of Lippo Plaza Shanghai

• Further to the Divestment Announcement, OUE REIT Management Pte. Ltd., as manager of OUE Real Estate Investment Trust, is pleased to announce that the divestment of the Sale Shares of the Target Company, which wholly-owns Lippo Plaza in Shanghai, excluding
  • (i) Unit 2 on Basement 1
  • (ii) the 12th, 13th, 15th and 16th Floors and
  • (iii) four car park lots, has been completed today.

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( YTD: +12.68% | 5D: +0.63%)

24 Dec - Cromwell European REIT Renamed To Stoneweg European REIT With New Sponsor

• Stoneweg Icona Capital Platform (“Stoneweg”), with its subsidiaries and associates, is the new Sponsor and substantial unitholder of Cromwell European REIT (“CEREIT”)
  
  
• CEREIT’s name change to Stoneweg European REIT (“SERT”) takes effect from 2 January 2025
  
  
• SERT remains listed on Singapore Exchange Limited (“SGX”) with no change to mandate, asset and investment strategy, as well as capital management priorities and key management personnel

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Technical Analysis of FTSE ST REIT Index (FSTAS351020)

FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) decreased from 649.94 to 642.87 (-1.09%) compared to last month's update. Singapore REITs index is currently trading near the support level of a wedge pattern.

•    Short-term direction: Sideways
•    Medium-term direction: Sideways
•    Long-term direction: Sideways
•    Immediate Support: Blue Support Line (Wedge)
•    Immediate Resistance: Red resistance line (Wedge)

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