Commercial Property
CapitaLand’s new acquisitions to boost its funds under management in SEA to $1.2b
CapitaLand’s new acquisitions to boost its funds under management in SEA to $1.2b
Two of the four acquisitions are industrial properties in Singapore.
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.
CapitaLand-backed The Work Project signs JV to expand flex-workspace in Australia
Dexus’ operations will be transferred to TWP.
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).
Leasehold strata office sales climb 7.8% HoH to 114 in 2H23
Sales value for the period was $291.7m.
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.
Frasers Hospitality Trust’s Singapore portfolio posts 16.6 YoY lower RevPAR in 1Q24
On a quarter-on-quarter comparison, RevPAR declined 25.7%.
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.
Investors to stay cautious navigating Singapore’s property market in 2024
Investment volume is seen rising 15% this year.