Link REIT to acquire a portfolio of Singapore shopping malls from Mercatus for $1.6bn.

Link REIT, a real estate investment trust, agreed to acquire a portfolio of Singapore shopping malls from Mercatus, a real estate subsidiary of NTUC Enterprise, for $1.6bn. “This transaction allows us to build a dedicated team in Singapore and provides a base for Link to expand further into other asset classes and strategies in Asia Pacific,” George Hongchoy, Link CEO.