OUE: announced that its OUE Bayfront office has signed new tenants, with committed leases of over 77% of NLA. It offers about 500k sf of prime Grade A office space.
The developer also completed the refurbishment of the adjoining OUE Tower and OUE Link (previously Change Alley Aerial Plaza and Link Bridge). The total 14.5k sf of NLA has been fully leased to retail and F&B tenants.
Stock currently trades at 0.94X P/B.
The majority of Street has Buy ratings with recent TP ranging btwn $3.24-3.76.
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