Well worth the wait Acquisition of Woolworths HQ has finally materialised following perpetual securities issuance  Tight NPI yield of c.5.2% (4.8% post cost) reflects property's long WALE of 10 years with annual rental escalations of 2.75% Highly DPU accretive acquisition at c.4% on a full-year basis; S$100m fund raising assumed in our estimates Upgrade to BUY […]

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