Commercial Property
Chart of the Day: Freehold strata office sales down 34.1% to $106.2m in H1
Despite the fall in total transaction volume and sales, the average unit prices rose.
Chart of the Day: Freehold strata office sales down 34.1% to $106.2m in H1
Despite the fall in total transaction volume and sales, the average unit prices rose.
CDL's profit plunged 99.1% to $3.15m in H1
Hotel operations accounted for 82% of the drop in revenue.
United Hampshire US REIT's NPI hit $15.52m from March-June
Its inaugural DPU came at US$0.0178.
Yanlord's profit down 59% to $97.41m in H1
They recorded a decline in average selling price per square metre.
Chart of the Day: Around 4.3 million sqft of office supply in the works
The market will face a huge supply coming on board in 2022.
LREIT's NPI down 53.3% to $7.51m from IPO forecast
It posted lower revenue on the back of lower rental income from 313@somerset.
AA REIT to acquire site at Jurong Innovation District for $129.6m
Upon completion, rental contribution from master leases is slated to rise from 30.3% to 36.4%.
Tuan Sing to divest CBD property Robinson Point for $500m
They have entered an agreement with a British Virgin Islands investment firm.
Quarz and Black Crane to reject Sabana and ESR merger
They questioned whether the merge was really in the best interest of shareholders.
IREIT acquires four office properties in Spain
It exercised the call option to acquire Tikehau Capital’s 60% share in the properties.
CapitaLand's profit dropped 89% to $96.61m in H1
The group suffered from lower contributions from its malls and residential projects.
ARA US Hospitality Trust posts $2.02m net loss in H1
It suffered with a drop in hotel occupancies and temporary hotel closures.
OUE records $207.16m loss in H1
Weaker operating performance and the sale of US Bank Tower dragged it down.
Telstra sells data centre in Australia for $410.16m
The sale includes a triple-net lease-back arrangement.
Chart of the Day: Office occupancy rate in the CBD down 1.5 ppt in Q2
The subzone recorded a negative net absorption of 463,000 sqft.
Suntec REIT completes premium grade office development in Australia
The retail space at Olderfleet is set to complete by end-2020.
FLCT's NPI rose 77% to $78m in Q3
Its portfolio saw little impact from pandemic measures.
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