Commercial Property
Ascendas REIT to acquire Philips APAC Center for $104.8m
Ascendas REIT to acquire Philips APAC Center for $104.8m
More than two-thirds of the property’s gross floor area will be leased to Philipps.
Chart of the day: Strata retail gears up for a comeback
Reopening of the retail sector spurred interest in strata retail spaces.
Prime Freehold Corner F&B unit up for sale: CBRE
The unit is located at 2 Greenwood Avenue.
Manulife US REIT’s net income rises 2.8% YoY to US$57.6m in H122
The REIT said higher car park income was amongst the factors that drove the increase.
Ascott acquires first lyf-branded co-living property in Tokyo
The property will be acquired through the Ascott Serviced Residence Global Fund.
ARA H-Trust’s net income soars 131% YoY to US$21.1m in H122
The increase was on the back of the trust’s higher revenue and gross operating profit.
Prime US Reit’s net property income up 9.7% in H1 22
The net property income was at $70m (US50.8m).
CBD Grade A office rents demand up by 0.4% in Q2 22
Net demand for offices amounted to 136,00 square feet.
Ascendas REIT’s net income increase 7% YoY to $476.9m in H1 22
The increase was driven by contributions from its newly acquired properties.
Chart of the day: Transaction volume of strata offices falls by 15.7% for H1 2022
The 145 units sold totaled $365.1m.
Strata office transaction value shrinks to $365.1m in H122
Compared to H221, the H122 figure represents a 15.7% decline.
Possible S$4b Mercatus acquisition to fortify CICT’s defenses
CICT will likely embark on an equity fund-raising if its bid is successful.
ESR-Logos Reit sells Pandan Logistics Hub above valuation
The logistics hub will sell for $43.5m.
Shophouses, residential building up for tender on 2 August: PropNex
Tender sales for the properties will close on 9 and 7 September, respectively.
Ascendas India Trust net property income climbs 8% in H1
Its net property income stood at $103.3m.
Starhill Global REIT’s NPI jumps 7.6% YoY to $75.1m in FY21/22
The cessation of rental rebates in Malaysia contributed to the increase.
Investment sales for properties could exceed $30b: report
Investors seek to field capital whilst inflation keeps rising.
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