Commercial Property
Keppel Pacific Oak US REIT's NPI up 15.7% to $58m in H1
This was driven by contributions from One Twenty Five in Dallas, Texas.
Keppel Pacific Oak US REIT's NPI up 15.7% to $58m in H1
This was driven by contributions from One Twenty Five in Dallas, Texas.
3 commercial shophouses in district 1 & 2 launched for sale
The shophouses are located in the popular, hipster areas of Ann Siang and Keong Siak.
CapitaLand Mall Trust NPI crashed 20.8% to $216.35m in H1
This was attributed to lower gross rental income arising from the rental waivers granted to tenants.
Keppel DC REIT's NPI up 32.1% to $114.22m in H1
This is attributed to the firm’s acquisitions of Keppel DC Singapore 4 and DC1.
Mapletree Logistics Trust's NPI up 12% to $118.84m in Q1
This was attributed to lower utilities cost and maintenance expenses.
Keppel REIT NPI dropped 7.2% to $28.81m in Q2
The REIT’s distribution per unit (DPU) inched up 0.7% to $0.14.
Property investment sales crashed 73.4% to $1.7b in Q2
The presence of several big-ticket commercial deals bolstered investment sales.
Three adjoining freehold conservation shophouses up for sale for $12m
It has a combined site of approximately 4,318 sqft.
Keppel Land emits 22% less carbon from 2010
The reduction rate exceeded their 16% mark by 6%.
Raffles Education raises stake in Chinese developer for $49.21m
It will use the developer’s vacant land assets for education facilities.
OUE sells US bank tower for $597.7m
It will streamline its asset ownership when the US property market may not be favourable.
Non-prime location vacancies to rise in H2
This comes as tenants will not be able to operate at full capacity which may lead to shutdowns.
Sabana REIT's NPI fell 15.1% to $20.86m in H1
NPI took a hit following a one-time provision for rental waiver.
ESR-REIT and Sabana REIT propose merger
Sponsor ESR is expected to hold about 12.2% of the units in the enlarged REIT.
ESR-REIT's NPI slipped 16.8% to $80.2m in H1
The company saw lease conversions from single- to multi-tenancy for seven properties.
Green Court along Geylang Road launched for sale
The tender for the mixed-use development will close on 18 August.
Sembcorp sells 30% stake in innovation park developer for $138m
Its JV will hold 20% stake in the developer after disposal.
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