Bilyonaryo Injap Sia’s DDMP REIT is considering divesting mature and non-core assets over the long term and reinvesting in properties that provide a more competitive investment return for the company.
DDMP REIT said while it intends to hold the properties in its portfolio on a long-term basis, it may also consider divesting properties to realize their optimal market potential and value.
“In the long run, the fund manager may also consider divesting mature and non-core properties which have reached a stage that affords limited growth for income growth in order to free up capital and reinvest proceeds into properties that meet the company’s investment criteria,” it said.
Meanwhile, based on the company’s investment strategy in the next three years, DDMP REIT is targeting a more diversified tenant mix that will cut across various industries such as banking, insurance, financial services, government agencies, as well as technology, media and service sectors.
“With the existing property portfolio in a prime location and the presence of government offices, we target to capitalize on this and bring in new strong and quality tenants,” the company said.
It also seeks to achieve long-term growth in asset value by continually enhancing existing assets and expanding its portfolio.
“The debt-free status of DDMP REIT provides for even greater financial flexibility moving forward,” it said.