Commercial Property
Keppel Corp unveils privatization offer for Keppel Land
It’s paying $4.38 per share.
Keppel Corp’s operating profit up 11.2% to $2.4b in FY14
It was boosted by many one-offs.
Ascendas REIT’s net property income up 5.6% to $114.6m in Q3
But property expenses spiked 24.6%.
Suntec REIT’s net property income up 6.5% to $53m in Q4
Thanks to its robust office segment.
Keppel REIT profits down 8% in Q314
Largely attributable to lost income from Prudential Tower divestment.
CapitaMall Trust’s net property income down 4.1% to $106m in Q4
Tenant sales decreased by 1.9%.
Chart of the Day: Industrial properties are heading for a tepid 2015
No thanks to oil price declines coupled with a lacklustre manufacturing sector.
Daily Briefing: Property agents exit amid market woes; 70% of Highline Residences unsold
And Sing50 fund to help local musicians outside of piano project.
Industrial rents down 2% in 2014 after climbing for four consecutive years
But prices increased for the fifth straight year.
Mapletree Commercial Trust’s net profit up 13.6% on back of robust rental growth
Its raked in $41m last quarter.
Fortune REIT’s revenue up 8.4% in Q4
Its DPU climbed 8%.
Frasers Centrepoint disposes entire stake in Beijing Sin Hua Yan Real Estate for $76.6m
Via its subsidiary Sinomax.
CCT’s CapitaGreen to achieve full occupancy in 2015
What could be its next re-development target?
Sabana REIT’s net property income dipped 9.2% in FY14
Its DPU slipped by 21.9%.
New kids on the block: Aggressive tech firms snap up more prime offices as banks downsize
Banks are downsizing to stay profitable.
Soilbuild REIT’s revenue up 8.3% to $17.7m
Its DPU grew by 5%.
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