Commercial Property
ESR in talks to acquire struggling Sabana REIT
The firm is being backed by Warburg Pincus.
ESR in talks to acquire struggling Sabana REIT
The firm is being backed by Warburg Pincus.
GLP's net profit down 17.3% to $281.7m
Blame the 12.4% rise in property-related expenses.
Condo resale volume falls 9.7% to 952 units in July
Whilst resale prices dipped 0.5%.
LMIRT's NPI grows 8.6% to $46.8m in Q2
A 10.5% increase in gross rental income boosted the company’s revenue.
UOL's net profit soars 78% to $121.8m
Thanks to strong contributions from Principal Garden.
Chart of the Day: Which property sector captured the biggest slice of investment sales?
The sector managed to record sales of $3.96b.
Far East H-Trust NPI dips 1.4% to $23.2m for Q2
No thanks to lower master lease rental from hotels and residences.
OUE C-REIT's DPU down 15.4% to 1.2 cents
A $150m private placement diminished the company’s DPU.
Oxley acquires 7.11% stake in United Engineers
The acquisition is worth $120.3m.
Ascott acquires Funan residence area for $170.3m
$80m of the total fund will go to development of its lyf brand.
Investors mull over selling AXA Tower for $1.65b
The tower will be sold for no less than $2,150 psf.
Starhill Global REIT falls 8.5% to 1.18 cents for Q4
Wisma Atria Retail and office properties performed poorly for the quarter.
Mapletree Greater China Commercial Trust DPU up 0.1% to 1.9 S-cents
Higher shopper traffic and sales from Festival Walk pushed the revenue up.
Chevron House in Raffles Place up for grabs
It comprises a 5-storey retail podium and a 27-storey office tower.
CapitaLand Mall Trust fends off competition with mall renovations
It is revamping Bukit Panjang Plaza and Raffles City.
Chart of the Day: Retail space occupancy decline eases in Q2
The amount of occupied retail space decreased by only 3,000 sqm.
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