Commercial Property
TCC unit subscribes to 50% stake in Frasers Northpoint City
This allows Frasers to gain $50m over the asset’s last audited book value.
TCC unit subscribes to 50% stake in Frasers Northpoint City
This allows Frasers to gain $50m over the asset’s last audited book value.
GuocoLand CFO Lim Yoke Tuan steps down
The group said it will identify a suitable candidate to assume the CFO position.
Hatten Land's subsidiary granted moratorium for restructuring
It will work with its legal counsel to formulate a restructuring scheme.
Cromwell EREIT to co-invest in two European data centres
This follows after Cromwell Property Group launches its data centre fund with Stratus.
CBD Grade A office rents moderate 1.2% in Q2
Further rental declines expected over the next two quarters.
United Hampshire US REIT collects over 80% of retail base rent in June
Retail tenants comprising 91% of the total base rental income were open for business.
Sembcorp Industries unit forms JV with Japanese property firm
Sembcorp Infra Holdings was incorporated with an issued capital of $139,267.
CapitaLand expects H1 profits to take a hit
Operating PATMI is projected to crash 25-35% YoY.
Property deals crashed 45% to $6.13b in H1 2020
Despite the surge in big commercial deals, the lack of hospitality deals dragged overall volume.
SPH REIT posts half a cent DPU for Q3 FY2020
This will be closed on 9 July and the distribution will be on 18 August.
Suntec REIT unit injects $40m into Harmony Investors Group Limited
This increases its shares to approximately 57.9%.
Ascendas REIT buys Sydney logistics property for $21.1m
The consideration is 19.8% lower than the site’s market valuation of $28.24m.
ESR-REIT signs new tenants at 8 Tuas South Lane
The two tenants have leased 26.9% and 10.3% of total net leasable area.
Frasers Centrepoint Trust ups stake in PGIM ARF for $197.2m
The trust’s interest in ARF will be raised to 36.89% from 24.82%.
Lendlease launches digital property lifecycle platform
Podium aims to simplify interdependencies and improve decision making.
Singapore to achieve five-year average office rent growth of 3.3%
The city-state keeps its position as one of the popular occupier destinations.
SPH forms JV with Keppel unit to develop data centre facilities
They are buying a property at Genting Lane for $50m.
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