OUE Reit eyes higher hospitality contribution in growth push

WHILE offices and hotels are both considered commercial assets, they have markedly different operating and investing characteristics. Having a portfolio comprising both types of properties, though, has been a key strategy for OUE Real Estate Investment Trust (Reit).

Han Khim Siew, chief executive of the manager, eyes the benefits coming from such diversification, which provides the Reit with stability as well as a pathway for growth.

“We like the barbell we have now,” he said.

Around half of OUE Reit’s revenue last year came from the office segment,…