OUE is the sponsor of OUE Hospitality Trust and OUE Commercial Real Estate Investment Trust, established for the purpose of investing in income-producing hospitality and hospitality-related real estate, and commercial assets in financial and business hubs.
OUE Hospitality Trust
OUE Hospitality Trust (OUE H-TRUST) is a stapled group comprising OUE Hospitality Real Estate Investment Trust (OUE H-REIT) and OUE Hospitality Business Trust (OUE H-BT).
OUE H-REIT is a Singapore-based REIT established with the principal investment strategy of investing, directly or indirectly, in a portfolio of income-producing real estate which is used primarily for hospitality and/or hospitality-related purposes, whether wholly or partially, as well as real estate-related assets. Real estate which is used for “hospitality” purposes includes hotels, serviced residences, resorts and other lodging facilities, whether in existence by themselves
as a whole or as part of larger mixed-use developments, which may include commercial, entertainment, retail and leisure facilities. Properties which are used for “hospitality-related purposes” include retail and/or commercial assets which are either complementary to or adjoining hospitality assets which are owned by OUE H-REIT or which OUE H-REIT has committed to buy.
As at the Listing Date, OUE H-BT, a Singapore-based business trust, will be dormant.
The initial asset portfolio of OUE H-REIT comprises the 1,077-room Mandarin Orchard Singapore and the 196,336 sq ft (by gross floor area) Mandarin Gallery.
On 30 January 2015, OUE H-TRUST completed the first acquisition of 320-room Crowne Plaza Changi Airport from OUE Airport Hotel Pte. Ltd., a subsidiary of OUE.
OUE Commercial REIT
OUE Commercial Real Estate Investment Trust (OUE C-REIT) is a Singapore REIT established with the principal investment strategy of investing, directly or indirectly, in a portfolio of income-producing real estate used primarily for commercial purposes (including real estate used primarily for office and/or retail purposes) in financial and business hubs within and outside of Singapore, as well as real estate-related assets.
OUE C-REIT’s asset portfolio comprises the OUE Bayfront Property and the Lippo Plaza Property. They are strategically located in the prime commercial districts of Singapore and Shanghai.