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Singapore REITs raising gearing levels to grow acquisitions

Posted on 01 June 2010

From Channelnewsasia.com: Singapore’s real estate investment trusts (REITs) have toughened up and are ready to hit the acquisition trail, according to analysts. The country’s REITs have recapitalised their balance sheets and refinanced debt, which will put them in a better position to grow this year.
After a difficult 2009, REIT managers have lowered their gearing levels………………………………………..Full Article: Source

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