Wednesday, January 18, 2012

K-Reit Asia's controversial buy pays off

Straits Times: Wed, Jan 18
PROPERTY revenue from the newly acquired Ocean Financial Centre (OFC) helped to boost K-Reit Asia's fourth-quarter results.


The office real estate investment trust (Reit) yesterday said its property income rose $1.3 million or 5.9 per cent for the three months ended Dec 31 to $22.6 million from a year ago, due partly to a $2.9 million contribution from OFC...

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