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Will OUE Commercial Reit sell some of its assets?

The Riady family behind sponsor OUE, it seems, is open to receiving offers for just about any of the Reit's assets - before deciding just what to divest

OUE this week completed the sale of the landmark US Bank Tower in Los Angeles for US$430 million, or at two-thirds of its US$650 million valuation as at Dec 31, 2019.

Among other things, the disposal will allow the group to substantially boost its cash reserves and improve its net gearing...

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