Commercial Property
EC World REIT renews lease with China Tobacco for Hengde Phase 2
EC World REIT renews lease with China Tobacco for Hengde Phase 2
The new lease will commence on 1 January 2024.
Manulife US REIT completes divestment of Park Place in Arizona, US
The divestment is part of the REIT’s recapitalisation plan.
Lendlease restructures lease at Sky Complex in Italy
Under the new lease, the starting annual rent for two buildings in the complex will be 1.5% higher.
CapitaLand India Trust completes acquisition of 2 industrial facilities in Chennai, India
The trust acquired the properties for $28.7m.
CapitaLand Ascott Trust divests 3 hotels in Osaka, Japan for $99.8m
The trust will recognise a net gain of $10.1m from the divestment.
Prime office, industrial rental growth to subside in 2024, says expert
Retail is poised to buck the trend.
Singapore, Shenzhen launch 14 smart city projects
The partners also inked eight MOUs.
How did the office market perform in 2023?
In 2023, Grade A office rents grew by 1.7% YoY.
Manulife REIT shareholders greenlight recapitalisation plan
The shareholders voted on the proposed plan on 14 December.
Dasin Retail Trust to hold EGM on internalisation of the trustee-manager
Fifteen investors have proposed to remove Dasin Retail Trust Management as trustee-manager of DRT.
Boustead Projects JV to acquire Minh Quang for $14.4m
The JV will acquire 3,300,000 ordinary shares of the Vietnamese company.
Mapletree Logistics Trust acquires Grade A warehouse in India for $14.5m
The warehouse is 100% leased to a domestic 3PL operator.
Singapore rises as 9th hottest market for flexible workspaces
Flex desk inquiries in Singapore rose 126% YoY.
Wing Tai acquires property in Melbourne for $24.7m
The acquisition will not have a material impact on the group’s net asset value.
Sasseur REIT extends the maturity of $58m sponsor loan by 1 year
The loan will mature in March 2025.
LTA awards $510m civil contract for West Coast Station construction
Construction works will begin in 1Q24.
FCT divests stake in Hektar REIT for $36.7m
The company divested over 140 million units in the REIT.
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