A-REIT: has been awarded the Business Park Site at Fusionopolis by JTC for $110m. Completion of the site is expected in 4Q13 and will strengthen A-REIT’s leading position in the Business & Science Parks segment.
Stock currently trades at 1.1X P/B, 6.6% FYMar12E yield.
JPM has Neutral rating with TP $2.15, UOBK has Buy rating with TP $2.40.
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