Commercial Property
Mapletree Industrial Trust receives SGX approval to raise $201m via private placement
Mapletree Industrial Trust receives SGX approval to raise $201m via private placement
The proceeds will partially fund the firm’s Tai Seng acquisition.
Frasers Property arm to buy stake in PGIM Real Estate AsiaRetail Fund for $356.4m
The 17.83% stake is equivalent to 94,013 shares.
Data centre operators turn West amidst Tai Seng space crunch
Roughly 700,000 sq ft of data centre space is expected to have been completed in 2018 with the stock set to more than double by 2022.
Six strata offices at International Plaza for sale at $11.97m
The adjoining office units have a combined floor area of approximately 6,469 sqft.
Ascendas ties up with Japan's Mitsui to operate two Shanghai office buildings
The firms will oversee the development and upgrading of both buildings.
Nicholas Keong joins Knight Frank Singapore as IPM team head
Keong was previously with JLL for six years.
CBD Grade A office rents surged 14.9% in 2018
Rents in Shenton Way/Tanjong Pagar jumped 18.4% to $9.53 psf pm in Q4.
Chart of the Day: Office supply pipeline could hit 704,000 sqft in 2019
About 148,000 sqft will be completed in the CBD.
Perennial Real Estate Holdings' profits slid 22.2% to $78.06m in 2018
Steep finance costs following the consolidation of Capitol Singapore’s debt hit earnings.
Frasers Property Q1 profits surged 76.1% to $145.59m
It was boosted by the sales and settlements of its residential development projects in Australia and China.
Freehold city fringe property along Hindoo Road for sale at $25m
The four-storey commercial building has a gross floor area of approximately 13,970 sqft.
Mapletree Industrial Trust to raise $175m via private placement
The proceeds will primarily be used to fund its 18 Tai Seng acquisition.
Chart of the Day: Over 20 million sq ft in the industrial supply pipeline until 2022
Roughly 68% of the supply are owner-occupied type.
Manulife US REIT's NPI surged 55.4% to $122.97m in 2018
The increase was due to high contributions from its Penn and Phipps acquisition.
Tanjong Pagar shophouse up for sale for $15m
The property has just recently undergone a $1m asset refurbishment project.
Chart of the Day: Hotel investments on the rise after flunking in 2016
2018 saw eight deals in the sector worth about $500m in total.
Investments into niche assets hit 10-year high to $1b
Average deals for shophouses, medical suites, and nursing homes are at $6m.
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