Commercial Property
Frasers, Sekisui divest three retail assets for $162.3m
The assets have a combined GLA of 14,600 sqm.
Frasers, Sekisui divest three retail assets for $162.3m
The assets have a combined GLA of 14,600 sqm.
Chart of the Day: CBD Grade A rents grew 1.5% to $10.08 psf in Q3
Rents are tipped to rise 8% by year-end and 5% in 2020.
Frasers Property Singapore's Christopher Tang to retire as CEO
He will assume the position of senior adviser.
ARA Private Funds inked $635.82m total real estate deals in H1
It will sign over $960m in additional pipeline assets by end-2019.
Ascendas REIT competes in 'tight market' with Melbourne office buy: analyst
The site is located in Australia’s emerging suburban office market.
Frasers Group tightens grip on PGIM Asia Retail Fund
It may benefit from its growing stake in the fund if more assets continue to be sold.
Daily Briefing: Maritime tech startup Claritecs raised $850,000 in pre-Series A round; Grange Road car park to be redeveloped into event space
And a survey notes that half of graduates work in jobs unrelated to their degrees.
Chart of the Day: Check out the distribution of Singapore's flexible workspaces
Majority are concentrated at the Central Business District.
Ascendas REIT buys Melbourne office building for $103.3m
Nissan Motor is one of the key tenants for the building’s space.
WeWork IPO crisis could hit Singapore's co-working operators
CapitaLand Commercial Trust has the highest exposure to co-working risk.
Daily Briefing: Siglap Shopping Centre stalls for sale at $8.8m; Software provider Desker to launch business accounting app
And insurtech start-up Axinan eyes Thailand and Vietnam expansion.
Daily Briefing: WeWork's woes may spell trouble for office REITs; Over 900,000 HDB households to receive GST Voucher rebate
And two shop units have been put up for sale via EOI at $8.8m.
Sembcorp sells commercial construction business for $49.9m
It will transfer its stake in its defence construction business to another subsidiary.
CapitaLand to double India investments from $3.3b to $7b by 2024
The company plans to increase commercial space from 17.4 million sqft to 40 million sqft.
MBCII buy to boost Mapletree Commercial Trust's DPU by up to 6%: analyst
Decentralisation efforts will lend support to MCT’s business park operations.
Chinese property developers can withstand currency depreciation despite sales dip
The companies’ strong revenue will stand as buffers to renminbi depreciation.
Why Vietnam is key to Sembcorp's growth
Vietnam and China contributed 90% of the $86m urban development net profit in FY18.
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