Commercial Property
Three adjoining freehold conservation shophouses up for sale for $12m
Three adjoining freehold conservation shophouses up for sale for $12m
It has a combined site of approximately 4,318 sqft.
Keppel Land emits 22% less carbon from 2010
The reduction rate exceeded their 16% mark by 6%.
Raffles Education raises stake in Chinese developer for $49.21m
It will use the developer’s vacant land assets for education facilities.
OUE sells US bank tower for $597.7m
It will streamline its asset ownership when the US property market may not be favourable.
Non-prime location vacancies to rise in H2
This comes as tenants will not be able to operate at full capacity which may lead to shutdowns.
Sabana REIT's NPI fell 15.1% to $20.86m in H1
NPI took a hit following a one-time provision for rental waiver.
ESR-REIT and Sabana REIT propose merger
Sponsor ESR is expected to hold about 12.2% of the units in the enlarged REIT.
ESR-REIT's NPI slipped 16.8% to $80.2m in H1
The company saw lease conversions from single- to multi-tenancy for seven properties.
Green Court along Geylang Road launched for sale
The tender for the mixed-use development will close on 18 August.
Sembcorp sells 30% stake in innovation park developer for $138m
Its JV will hold 20% stake in the developer after disposal.
TCC unit subscribes to 50% stake in Frasers Northpoint City
This allows Frasers to gain $50m over the asset’s last audited book value.
GuocoLand CFO Lim Yoke Tuan steps down
The group said it will identify a suitable candidate to assume the CFO position.
Hatten Land's subsidiary granted moratorium for restructuring
It will work with its legal counsel to formulate a restructuring scheme.
Cromwell EREIT to co-invest in two European data centres
This follows after Cromwell Property Group launches its data centre fund with Stratus.
CBD Grade A office rents moderate 1.2% in Q2
Further rental declines expected over the next two quarters.
United Hampshire US REIT collects over 80% of retail base rent in June
Retail tenants comprising 91% of the total base rental income were open for business.
Sembcorp Industries unit forms JV with Japanese property firm
Sembcorp Infra Holdings was incorporated with an issued capital of $139,267.
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