Commercial Property

Meet DTZ's newly-promoted directors

DTZ announced the elevation of its 10 employees.

Industrial site at Kaki Bukit Road 4 up for sale

The tender will close at 12 noon on 20 October 2011, so be quick.

Analyst warns S-REITs on threats from additional debt

And worse, S-REITs could take on these debts even before the properties are able to generate income from tenants.

Real estate transaction volumes in Japan plunge 74.6%

Blame it on extremely cautious investors who carefully evaluate investment opportunities.

Direct realty dealings in China up 13.1% in Q2 2011

And Singaporean purchasers have dominated the largest transactions with three of the five largest Chinese deals.

Singapore’s real estate transaction volumes plunge 44.4% to US$ 2.2b in 2Q11

Jones Lang LaSalle says that even though transaction volumes were down q-o-q, it soared by an amazing 225% on a y-o-y basis.

CapitaMalls Asia acquires Minhang Plaza and Hongkou Plaza for $949.7m

CMA’s post-acquisition effective stakes in the properties will be 65% and 72.5% respectively.

CapitaLand acquires 50% interest in Innov Tower

The deal for the Shanghai offcie was worth $56m translating to RMB$24,130 psm.

Sabana REIT acquires 39 Ubi Road 1 for $32m

The subject property has a remaining tenure of approximately 40.4 years.

Frasers Commercial Trust gets go-ahead to redevelop KeyPoint

Conditions include minimum 60% of GFA for residential use and a commercial portion of not more than 40% but not less than 20% of GFA.

Parcel 3 at Woodlands Avenue up for sale

The tender for the site will close at 12 noon on 13 September 2011.

CapitaLand subsidiary put under members’ voluntary liquidation

CapitaLand China Holdings (Commercial), a subsidiary incorporated in Singapore, has been dormant since 2010.

UOL’s profit up 16% to S$202.2m in 2Q11

Its revenue also increased 40% YoY to S$455.9m.

CapitaLand acquires 14.7% additional interest in Raffles City Shenzhen

The acquisition was worth RMB531.7 million or approximately S$99.3 million.

Are existing office spaces soon to be ghost towns?

A two-tier market within Grade A office space is on a tear, due to a spate of relocations from existing office buildings to newer ones in the CBD.