Link REIT buys Singapore shopping malls for $1.6b

Link REIT buys Singapore shopping malls for $1.6b

Singapore city district. Photo: Michelle Teo

Link Real Estate Investment Trust (REIT) is buying a portfolio of Singapore shopping malls for S$2.16 billion ($1.6 billion) from Mercatus Co-operative in its first foray into the city-state, it said on Wednesday.