Distributable income for the October-to-December period amounted to S$23.6 million, up from S$21.9 million in the same quarter last year, lifting distribution per stapled security by 6.6 per cent to 1.78 cents, OUE H-Trust said. Gross revenue rose 4.8 per cent to S$30.4 million and net property income increased 5.5 per cent to S$27 million. Mr Chong Kee Hiong, chief executive of the trust manager, said:...
OUE Hospitality Trust
OUE Hospitality Trust (OUE H-Trust), which owns Mandarin Orchard Singapore and the adjoining Mandarin Gallery, will buy Crowne Plaza Changi Airport and the Crowne Plaza Changi Airport Extension for a total of S$495 million. It said on Friday (Nov 28) that conditional agreements have been made to acquire Crowne Plaza Changi Airport for S$290 million, as well as the extension for another S$205 million...