A weaker Australian dollar and tight financing conditions for property
acquisitions are key risks for Singapore real estate investment trusts (REITS) hunting for Australian commercial properties, Fitch Ratings says.The global ratings agency on Wednesday said Singapore REITS had expanded their portfolios since October last year on the back of their improved share price performance.
Recent acquisitions in the Australian hotel, retail and office commercial property sectors would reduce the REITS' reliance on cash flows from Singapore, Fitch REIT team director Peeyush Pallav said in a statement. Full Story
