Commercial Property
Keppel units to buy stake in Beijing office complex for $1.3b
The two firms will own an 85% interest in the complex.
Daily Briefing: Fintech firm CapBridge opens private market platform for retail investors; Settlements receive worst pay amongst banking jobs in Singapore
And a two-storey HDB shop has been put for sale at $10.5m.
CDL and Distrii JV unveil proprietary smart office app
Features include meeting room booking, aircon extension request and building feedback submission.
Manulife US REIT's 400 Capitol buy could boost DPU by 2.3%: analyst
The fundraising conducted to finance the sale is expected to boost market cap by US$140m.
Daily Briefing: Three commercial shophouses for sale at $31m; EDBI invests in dental 3D printing startup
And Masik Enterprises co-led the funding of Vietnamese food tech startup.
80% of building spaces to be eco-friendly by 2030: CBRE
More large firms like CapitaLand and Lendlease are offering green leases to tenants.
SPH REIT may spend up to $500m in acquisitions: report
The expected portfolio expansion may add 5-8% to its FY2020-21 DPU.
Chart of the Day: Industrial upper storey rents may fall by 0.75% in Q3
Rents are largely expected to trend downwards due to weakening manufacturing and trade.
SPH REIT NPI up 8.3% to $179.8m in FY2019
This was due to higher contribution from the REIT’s properties.
Frasers, Sekisui divest three retail assets for $162.3m
The assets have a combined GLA of 14,600 sqm.
Chart of the Day: CBD Grade A rents grew 1.5% to $10.08 psf in Q3
Rents are tipped to rise 8% by year-end and 5% in 2020.
Frasers Property Singapore's Christopher Tang to retire as CEO
He will assume the position of senior adviser.
ARA Private Funds inked $635.82m total real estate deals in H1
It will sign over $960m in additional pipeline assets by end-2019.
Ascendas REIT competes in 'tight market' with Melbourne office buy: analyst
The site is located in Australia’s emerging suburban office market.
Frasers Group tightens grip on PGIM Asia Retail Fund
It may benefit from its growing stake in the fund if more assets continue to be sold.
Daily Briefing: Maritime tech startup Claritecs raised $850,000 in pre-Series A round; Grange Road car park to be redeveloped into event space
And a survey notes that half of graduates work in jobs unrelated to their degrees.