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OUE REIT Management Pte. Ltd., in its capacity as manager (the "Manager") of OUE Real Estate Investment Trust ("OUE REIT"), is pleased to report a strong set of results for the financial period 1 January 2026 to 30 June 2026 ("1H 2026"), with Distribution per Unit ("DPU") rising 28.6% YoY to 1.26 Singapore cents. The improvement was driven by stronger hospitality performance, the income contribution from the acquisition of Salesforce Tower and significantly lower interest expenses resulting from
Crowne Plaza Changi Airport is a 575-room hotel run by IHG Hotels & Resorts.
OUE REIT Management Pte. Ltd., in its capacity as manager (the "Manager") of OUE Real Estate Investment Trust ("OUE REIT"), wishes to announce that DBS Trustee Limited, in its capacity as trustee of OUE Hospitality Sub-Trust, which is a wholly-owned subsidiary of OUE REIT, is proposing to divest Crowne Plaza Changi Airport ("CPCA") for S$500 million (the "Proposed Divestment"). The Proposed Divestment represents an approximate 1.3% premium to the average of two independent valuations[4]. Net cas
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