Commercial Property

Mapletree Industrial Trust divests Tanglin Halt assets for $50.6m

The REIT will be selling off five-storey and two-storey flatted factories.

Airport co-working centre launched for business travellers

The pay-per-minute space at Changi Airport has close to 50 hot desking stations and nap pods, allowing travellers to ‘check-in’ at work.

Native Land appoints Chris Fossick as non-executive director

Fossick was formerly JLL Southeast Asia’s CEO.

Hong Lai Huat sells Cambodia properties for $50m

The properties will be sold into two separate sale and purchase agreements (SPAs).

Frasers Property Limited’s pre-sold revenue hits $2.4b in 1Q24

Its net debt-to-equity ratio also increased to 78%.

Hiap Hoe sells Melbourne hotel for $83m

The company will use the proceeds to repay bank borrowings and fund working capital.

CapitaLand India Trust to acquire 3 industrial facilities in India for $43.2m

The facilities have a total net leasable area of 0.79 million square feet.

Mindlink Groups withdraws from M&A deal with Century 21 Singapore

Singapore invoked its foreign interference law against Century 21’s principal advisors.

EC World REIT takes legal action against sponsor amidst mortgage dispute

Its sponsor failed to discharge the alleged "illegal" mortgages imposed in its Fuyang properties.

Lendlease Global Commercial REIT’s NPI soars 22.2% YoY to $93.4m in 1H24

Despite higher NPI, the REIT declared a lower DPU of $0.0210.

CapitaLand Ascott Trust to divest Citadines Mount Sophia for $148m

The REIT expects to receive net proceeds of $138.6m from the divestment.

Singapore prime sheds to lead rental growth in APAC this year 

Supply of prime logistics space to reach its peak in 2025.