I think it's pretty clear from how they've worded the announcement that they intend to take up the option on the office buildings because their aware that TOT will continue to trade at a large discount while it's made up of strategic stakes in other REITS and they want to transition to it being a traditional REIT and owning property directly (they flagged this as their strategy in the last shareholder presentation before revealing this specific plan yesterday). Their also selling their share of the PMG funds management business to TGP so I'd say that's another sign that they simply want TOT to be a holder of direct property assets going forward.
TOT Price at posting:
97.0¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)