Commercial Property
Cromwell European REIT net property down by just 0.4%
Cromwell European REIT net property down by just 0.4%
The real estate investment trust attributed its stable income to its expansion into four European countries.
Frasers Property net income up 18% despite hard-hit hospitality sector
Frasers Property reported a net income of $275.8m for the first half of 2021.
IFCA MSC Berhad wins Mobile - Hospitality & Leisure trophy in Malaysia Technology Excellence Awards
Its touchless mobile internet hotel management solution HotelX leads in digitising hotel businesses in the hospitality industry.
Singapore commercial property market activity leaps by 200%
Singapore is amongst those countries building momentum in the commercial market this year.
Lendlease REIT properties enjoy near-perfect occupancy
Tenant sales recovered by 94% to end the first quarter at near pre-pandemic levels.
Hongkong Land “uncertain” over COVID-19's full-year impact
The property firm has yet to determine how the prolonged pandemic will affect its performance.
ESR-Reit launches private placement to raise $150m
It will be used to fund the acquisition of Singapore and Australian assets.
SingHaiyi Group launches three-way joint tender
The tender is for the well-known $276.8m property in Maxwell Road.
Ascendas REIT private placement oversubscribed at $2.944
Parts of the proceeds of the private placement will be used to fund its acquisition of Galaxis.
HDB resale volume dips by 4.4% in April
This comes as the prices of those resales continue to rise for the tenth month in a row.
AA REIT DPU jumps 41.5% to 2.90 cents
Its distribution to unitholders also increased to $20.5m.
OUE C-REIT net property income slips l.6% to $61.1m
While its commercial portfolio remained resilient, OUE C-REIT's hospotality business took a hit in the first quarter.
Ascendas Reit to acquire remaining 75% interest in Galaxis
The acquisition is estimated to be worth a total of $534.4m.
City Developments in the midst of a board exodus
Lim Yin Nee Jenny is the fourth director to resign from the property developer's board.
OUE C-Reit redeems $155m convertible units in One Raffles Place deal
THe units will be redeemed on 1 June.
Mapletree Industrial Trust distributable net property income up 11.3%
The REIT found the fiscal year challenging as tenants struggled during the pandemic.
ARA acquires 50% stake in Dasin Retail Trust Management
The company plans to extend its reach in China’s Greater Bay Area.
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