Commercial Property
Frasers Hospitality REIT takes out $370m loan
This comprises an aggregate amount of $350m in bank loans and a $20m revolving credit facility.
Frasers Hospitality REIT takes out $370m loan
This comprises an aggregate amount of $350m in bank loans and a $20m revolving credit facility.
Google tenancy to make up for Microsoft's 2020 departure from Alexandra Technopark
The lease could see Frasers Commercial Trust’s FY 2020 NPI and DPU up 1.5%.
Singapore's prime office occupancy costs climbed 17.3% in Q1
Tightening vacancy and strong absorption drove rents up to $154.84 psf.
Frasers Commercial Trust declines co-investment offer in Frasers Tower deal
It received a notice from Frasers Property of its intentions to enter into an arrangement with an unrelated co-investor.
2-24 Phoenix Road revives en bloc bid for $42m
The 5,853.1-sqm property in Bukit Panjang was originally put up for sale on 29 November 2018.
Chart of the Day: Financial services sector occupy 42% of CBD office space
Raffles Place/New Downtown is a preferred location for banks and other financial institutions.
Oxley buys 40% stake in Malaysian developer for $6.56m
This comprises four million ordinary shares and 16 million redeemable convertible preference shares.
Frasers Commercial Trust inks lease agreement with Google
The tech giant will take up around 344,100 sqft at Alexandra Technopark for five years.
Funan's retail arm receives 95% leasing commitment ahead of opening
F&B brands occupy around 25% of the space.
Ascendas India Trust to buy IT special economic zone
The IT/ITES SEZ development has a total net leasable area up to 1.8m sqft.
Frasers Logistics Trust to sell 50% stake in Australian asset for $127.2m
The price tag represents a premium rate of 8.8%.
CBD Grade A supply hit 25.1 million sqft in Q1
There were 8.7 million sqft of supply in Raffles Place/New Downtown.
Three adjoining shophouses in Little India for sale at $11m
The properties, with individual land titles, sit on a combined land area of about 3,870 sqft.
YuuZoo clarifies ownership of closed Singapore office
The firm explained that YuuZoo Corporation is a different legal entity with a different board.
Straits Trading unit expands logistics footprint with Korea and Australia buys
Once fully deployed, Straits Real Estate expects a portfolio value in excess of $700m.
Chart of the Day: Industrial leasing volumes up for 11th straight quarter in Q1
There were 2,417 deals for factory and warehouse space during the quarter.
Fragrance Group to buy back up to $30m of its $100m notes
It will repurchase the notes at the daily prevailing market price quoted for the notes.
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