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Cuscaden Peak should focus on growing SPH’s retail and student housing Reits

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Leslie Yee

Leslie Yee

Published Fri, Jul 1, 2022 · 11:47 AM
    • Clementi Mall is part of the portfolio of SPH Reit, which was the subject of a recent chain offer by Cuscaden Peak.
    • Clementi Mall is part of the portfolio of SPH Reit, which was the subject of a recent chain offer by Cuscaden Peak. The Straits Times

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    IT HAS been just over 8 months since Cuscaden Peak submitted a proposal to the board of directors of Singapore Press Holdings (SPH) to acquire all the shares of SPH.  

    Cuscaden has since prevailed over Keppel Corp in the fight for SPH, which was delisted in May. Resulting from acquiring SPH, Cuscaden made a mandatory chain offer for SPH Reit  (real estate investment trust).

    The chain offer for SPH Reit closed on Jun 30, 2022, with Cuscaden and its concert parties ending up with a stake of 61.7 per cent in SPH Reit.

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    SPHSPH ReitHotel Properties LtdMapletree InvestmentsCapitaLand Investment

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