Market interest in REITs seen to continue in 2022 — Business World

(Jan 5): Investors and property developers alike are expected to continue supporting the interest in real estate investment trusts (REITs), which will “remain a bright spot” in 2022, Business World - based in Philippines reported.

“We expect that companies will look into launching their own REITs as an alternative to raise capital for future expansions and build further their credibility in the market,” JLL Philippines Vice-Chairman Joey M. Radovan said in an e-mail on Dec. 7.

Leechiu Property Consultants President and Chief Executive Officer David T. Leechiu is expecting a “healthy pipeline” of REITs next year, Business World reported.

“I think there will [potentially] be two [REITs] a month for the next 12 months, based on all the companies that we are talking to right now that are asking us to evaluate their portfolio,” Mr. Leechiu said in a video call on Dec. 15.

Property services firms are expecting the “next wave of REITs” to come from the industrial sector, Business World reported.

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