Boustead Projects

[greengiraffe]

No worries.

The point that I have been re-iterating is that BP is not a new entity. Their DBL business is not new as well but obviously the competitive landscape has changed drastically.

Ideally, there should already be a B REIT especially for Boustead's track record in the industrial real estate segment in Singapore. For whatever reasons, I think its all history.

Hence, the evaluation of the attractiveness of BP is not new at all given that the company has always been around under Boustead Singapore.

Vested
Certificate

Thanks GG,

"Most industrial Reits have signed long leases and are not likely to be too affected for larger parts of their portfolio", as mentioned in the article. I tend to believe that Boustead would have secured long term leases, for their DBL projects. Not likely their income would drop out of a sudden, since the DBL jobs would have a component for the long term leases and this mitigates risk of uncertainty in rental return.

However, those units under BP and not leased out would present a potential problem. The extent of which would be surely be interesting to know.

Good read nonetheless.