Commercial Property
Frasers Property eyes being carbon-free by 2050
Frasers Property eyes being carbon-free by 2050
The company revealed five sustainability-related goals.
CICT's NPI up 36.4% to $191.9m in Q4 2020
Contribution from CCT’s assets following their merger drove CICT's rise in income.
CapitaLand names new lead independent director
Lim will also be chairman of CapitaLand’s audit committee.
Aqueen Heritage Hotel in Joo Chiat up for sale
Its indicative price is $55m.
CapitaSpring hits full height, set to open mid-year
There have been 38% committed occupancy to date.
Office rents set to fall by 5% in 2021
This is before they bottom out and recover next year.
Lian Beng Group to acquire BreadTalk IHQ for $118m
The 10-storey property has approximately 248,902 sq ft. gross floor area.
Mapletree, Keppel Land to launch luxury waterfront project
It will comprise of over 400 exclusive units spread across 10 residential blocks.
Singapore REIT sector raised $4.5b in secondary fundraisings in 2020
The largest placement raised was by Ascendas REIT, at $800m.
SPH REIT gross revenue up 10.8% to $66.6m in Q1 FY2021
The rise was attributed to a $12.8m contribution from Westfield Marion.
Frasers Property recognized for green initiatives
Its energy saving initiatives include reducing consumption by 20% by 2030.
Five ‘laggard' S-REITs slated to outperform in 2021
UOB Kay Hian has named five S-REITs with attractive valuations that could represent opportunities for investors.
Ascott added over 14,200 units globally in 2020
These will boost Ascott’s annual fee income by over $27m.
Chip Eng Seng warns of net loss amidst COVID-19 impact
This was mainly due to adverse effects of COVID-19.
CapitaLand Retail China divests Wuhan mall, three premises for $52.6m
The company is said to be facing operational challenges in the past years.
EHT unitholders reject SC Capital as new manager
The sponsor believes that unitholders were wary of SC’s lack of experience in the US market.
First REIT seeks unitholder support after proposed rights issue
The proposed rights issue is critical for First REIT to meet its debt covenants.
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