Singapore's Aelios raises offer to buy rest of Suntec REIT at $2.5b valuation

Singapore's Aelios raises offer to buy rest of Suntec REIT at $2.5b valuation

Artist Impression of 21 Harris Street, Pyrmont, Sydney, Australia (Source: Suntec REIT)

Singapore’s Suntec Real Estate Investment Trust said on Wednesday that investment holding firm Aelios has increased the offer price to buy the REIT’s shares it does not already own, valuing Suntec at S$3.48 billion ($2.54 billion).

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