Commercial Property
UIC profits up 1% to $60.24m in Q1
It was saved by higher revenue from its information technology operations.
Manulife US REIT Q1 NPI up 54% to US$19.65m
It cited higher income contribution from the Plaza and Exchange.
Tuas Bay Close industrial site sold for $29.85m
Soilbuild Group Holdings won against one other bidder.
Office space prices up 1.3% in Q1
Rents also grew by 2.6%.
CapitaLand Retail China Trust Q1 NPI down 7.7% to $37.18m
It lost income from CapitaMall Anzhen, which it sold 1 July 2017.
Mapletree Logistics Trust full-year NPI up 6.9% to $333.84m
It recorded higher revenue from 12 properties.
Industrial property prices and rents are turning around
Property prices dipped 3.6%, whilst rents fell 2%.
Dairy Farm sells 14 7-Eleven stores
The portfolio is composed of 13 prime HDB shophouses and a retail shop.
TripleOne Somerset secures tenant in co-working space firm IWG
IWG will lease 35,000 sqft and two floors for its Amsterdam-grown Spaces concept.
Mapletree Greater China Commercial Q4 NPI down 6% to $72.86m
Revenue fell due to the reversal in VAT for Gateway Plaza.
Frasers Centrepoint Trust Q2 NPI up 6.9% to $34.8m
The revamp of Northpoint City North Wing allowed it to recover revenue.
Suntec REIT Q1 net property income up 1.9% to $62.99m
It was boosted by higher revenue from Suntec Singapore and Suntec City Mall.
CapitaLand Commercial Trust loses 85% of Bugis Village's value
It will be returned to the State on 1 April 2019.
Frasers Logistics and Industrial Trust's European debut to boost DPU: analysts
FLIT bought 21 industrial properties in Germany and the Netherlands from its sponsor.
Mapletree Commercial Trust year-end NPI jumped 15.9% to $338.85m
VivoCity and MBC I contributed higher revenue due to step-up rents.
Oxley and SLB Development buy Pei Fui industrial building for $76.25m
They intend to redevelop the property.
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