Commercial Property
GLS tenders boost property investments to $6.5b in Q2
GLS tenders boost property investments to $6.5b in Q2
Investments rose 64.1% QoQ and 71.1% YoY.
Prime retail rents up 3.8% in Q1
City fringe retail fueled rental growth.
Singapore prime office values dip in Q2
Values slid to $3,050 psf from $3,100 psf previously.
Sabana REIT secures TOP for 1 Tuas Ave 4 post enhancement
Enhancement works took slightly over 15 months.
First Sponsor consortium buys heritage-listed Pitt Street site for $24.7m
The redeveloped site will include a tower of 241 apartments and an upper upscale hotel.
CDL’s New Zealand subsidiary buys industrial plot for NZ$17m
The parcel forms part of a bigger Industrial Park planned in the area.
Mapletree Logistics Trust expects negative rental reversion in China amidst market alignment
The company said it will focus on occupancy rather than rent growth.
Yoma clarifies no charges against chairman Serge Pun in Myanmar
Company CEO Melvyn Pun regularly communicates with his father about his Nay Pyi Taw dealings.
CLI’s data centre AUM reaches US$4.5b
APAC colocation market is projected to double in size and become the world’s largest by 2026.
Acrophyte buys 19% stake in ARA H-Trust
Acrophyte AM has acquired both ARA H-Trust’s REIT manager and trustee-manager.
Frasers Property bags $904.1m green-linked loan
Proceeds will be used to repay existing debts and for working capital.
Two-storey shophouse at 532 Balestier Road up for sale via EOI
The property has a guide price of $8m.
Full strata office floor in Suntec City Tower 1 up for sale
The property is priced at $42.8m.
Hotel ADRs to outperform in 2024 with packed event calendar
April 2024 year-to-date Average Daily Rates was $288.
Ascott expands property portfolio in Europe
Six new ones were added.
Oxley fully redeems $133m due 2024
The company has redeemed over $1b worth of notes since November 2019.
Mercure Singapore Bugis taps Dino Lim as new general manager
Lim was formerly the general manager of Momentus Hospitality.
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