Commercial Property
MapleTree Industrial trust divests Michigan data centre for $13.8m
MapleTree Industrial trust divests Michigan data centre for $13.8m
It was sold to a non-interested third-party purchaser.
Yanlord Land contracted pre-sales drops 70% in first five months
The contracted gross floor area during the period amounted to RMB1.135b.
CapitaLand unit to acquire logistics property for $18.2m in Malaysia
The acquisition is expected to be completed in H2 2022.
Chart of the day: Factory and warehouse leasing volume slows to 3.5% in Q1
This is way below the double-digit increase from a year before.
Private housing supply under GLS programme up to 3,505 units in H2
The supply will cater to the strong housing demand.
CLI acquires 22-storey office tower in Melbourne
The asset is the fifth investment made by CLI in Australia within six months.
REITs ‘not out of the woods yet’ but easing of inflation offers respite
UOB Kay Hian noted the easing of US core inflation to 4.9% in April 2022.
How will the Paya Lebar Air Base be redeveloped
The air base is set to be relocated in 2030.
Prime retail rents ‘stabilising’ after 2-year decline: Savills
Prime retail rents in Orchard Area rose by 0.4% in the first quarter of 2022.
ESR-Logos Reit’s trustee priced subordinated perpetual securities at $150m
The net proceeds of the issuance will be used to fund the merger.
Singtel to get net proceeds up to $1.3b from Comcentre divestment
Singtel recently partnered with Lendlease as the appointed developer.
Frasers Property Limited names new Group Head of People
Vicki Ng will begin her duty on 22 August.
Cuscaden Peak declares unconditional its mandatory cash offer to acquire SPH REIT units
It has received valid acceptances of its chain offer of an aggregate of 130,059,351 offer units.
Singtel taps Lendlease to transform its Comcentre into a $3b next-gen workplace
The redeveloped headquarters is expected to be completed in 2028.
TIAS, RICS ink MOU for construction, property management sustainability
Construction and property management account for 40% of global carbon emissions.
CapitaLand Investment raises its reduction of greenhouse gas emissions by 46%
It aims to achieve net zero by 2050.
Lendlease designates new head of data centres
Sunita Bottse has more than 10 years of experience building Tier IV data centres.
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