Commercial Property
Frasers Commercial Trust's NPI dropped 10.5% to $20.09m in Q2
It blamed lower occupancies at Alexandra Technopark and the sale of 55 Market Street.
Frasers Commercial Trust's NPI dropped 10.5% to $20.09m in Q2
It blamed lower occupancies at Alexandra Technopark and the sale of 55 Market Street.
Mapletree Industrial Trust distributable income rose 7.4% to $231.8m in FY18/19
Its full-year income was boosted by its 40% interest in 14 US data centres.
Keppel REIT buys Seoul office for $301.4m
The 28-storey freehold Grade A office offers approximately 228,000 sqft in net lettable area.
CapitaLand sells self-storage business StorHub for $185m
Its portfolio comprises 12 storage facilities with a total lettable area of approximately 800,000 sqft.
CapitaLand Commercial Trust gets lead in office market recovery with acquisitions
Net property income rose 3.4% thanks to its Galileo and Asia Square Tower 2 buys.
Investors to shift focus from home market to commercial sectors in Q2
Offices are expected to lure more investments thanks to recovering rents.
GuocoLand to build 30-storey office tower and 200-unit living area in $1.6b Beach Road site
Guoco Midtown will be a 960,000 sqft mixed-use development.
Metro Holdings buys 7 & 9 Tampines Grande for $45.6m
It inked a 50-50 joint venture deal to buy the eight-storey property.
Keppel Q1 profits plunged 40% to $203m
The earnings decline was due to Keppel's property arm which saw profits crash 65%.
CapitaLand bags $528.3m in maiden real estate equity fund
The equity fund targets commercial real estate in Asia’s key cities.
CapitaLand Commercial Trust NPI up 3.4% to $79.80m in Q1
Higher contributions from Gallileo and higher occupancy at Asia Square Tower 2 boosted performance.
Perennial sells stake in Chinatown Point Mall entities for $225m
The proportionate stake of the net proceeds is expected to be $125.3m.
Property investment sales jumped 34% to $6.3b in Q1
State tenders surged to $3.1b from $110m in Q4 2018.
Chart of the day: Number of tenancies for single-user factory hit 130 in January-February
Overall, the industrial property market has stayed largely flat during the quarter.
Keppel REIT net property income up 0.3% to $31.31m in Q1
It was saved by higher one-off income that was offset by lower incomes from properties.
UBS Singapore to occupy 9 Penang Road by 2020
The building will house 4,000 staff and the bank’s in-house university.
S-REITs' slashed exposure to CWT properties even before CWT International's default
AIMS APAC REIT, of which CWT is a major tenant, has chosen a partial master-leased structure for selected assets instead of a full one.
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