REIT ASIAPAC MAGAZINE REITASIAPAC 3Q 2019 ISSUE | Page 2

THIS ISSUE Cover Story Fe a t u r e 04 14 Star Asia In Unprecedented Takeover Of Sakura Sogo Mergers With Common Managers Are Typically Easier To Transact The successful outcome should encourage better corporate governance and could spark similar takeovers of underperforming J-REITs. Analysts expect increased consolidation to fuel Singapore-REITs’ next phase of growth. Outlook ESG 18 07 What Does The Future Hold For Hong Kong? Does ESG Matter To The Bottom Line? The territory, once known as the pearl of the orient, is fast losing its shine. Hong Kong REITs have fallen 16% since the protests started. 10 Deals Round-Up 22 Market Australian Retail Assets Overlooked In M&A Transactions Directory Retail REITs exposed to large shopping centres are trading below Net Asset Value. 28 All the information herein is intended to be for information purposes only. All details are approximate and have not been independently verified. Readers should make their own enquiries to verify and satisfy themselves of all aspects of the information. While the information has been prepared in good faith with due care, REITAsiaPac, its officers, employees, subcontractors, agents and clients shall not be liable for any loss, liability, damage or expense arising directly or indirectly from or connected in any way with any use or reliance on such information. No part of this magazine may not be reproduced without permission from REIT AsiaPac. 信報書角 2 Asia Pacific Major Transactions 3 Asia Pacific REITs by Country F OR SPONSORS H I P S A N D CO N TR I B U TI O N S [email protected]