Commercial Property
Frasers Centrepoint Trust to issue 55m shares to fund Bedok Point acquisition
Frasers Centrepoint Trust to issue 55m shares to fund Bedok Point acquisition
And FCT will fund the balance through $65m of borrowings.
Asia Pac property investment transaction volume forecast revised down to $135b
The forecast was downgraded from $158b for 2011.
Meet DTZ's newly-promoted directors
DTZ announced the elevation of its 10 employees.
Industrial site at Kaki Bukit Road 4 up for sale
The tender will close at 12 noon on 20 October 2011, so be quick.
Analyst warns S-REITs on threats from additional debt
And worse, S-REITs could take on these debts even before the properties are able to generate income from tenants.
Real estate transaction volumes in Japan plunge 74.6%
Blame it on extremely cautious investors who carefully evaluate investment opportunities.
Direct realty dealings in China up 13.1% in Q2 2011
And Singaporean purchasers have dominated the largest transactions with three of the five largest Chinese deals.
Singapore’s real estate transaction volumes plunge 44.4% to US$ 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.