Commercial Property
Manulife US REIT mulls halting half-yearly distribution until 2025 under recapitalisation plan
The plan aims to address its breach of financial covenants.
Will Long Island be Singapore’s second Sentosa?
An expert expects over 30,000 and 60,000 homes to be built on the 800ha land.
Soilbuild Group bags Tampines North Drive 4 site tender for $85.8m
Tender for the industrial site closed on 24 October.
LHN Limited’s net profit drops 16.6% YoY to $38.2m in FY23
Despite lower profit, the company proposed a 71.4% YoY higher dividend per share.
ARA US Hospitality Trust divests Hyatt Place Pittsburgh Airport for US$7.7m
The REIT expects to complete the divestment in 1Q24.
50 Playfair Road sold for $81.8m
The property was hotly contested by end-users, investors and developers.
Elite REIT names new CFO
He will succeed Joel Cheah Zhuo Yue who resigned as CFO to pursue other opportunities.
Hongkong Land appoints Michael Smith as new chief executive
He will be succeeding Robert Wong who has been the Chief Executive since 2016.
Starhill Global REIT secures first sustainability-linked facility for $50m
The facility will be used to finance requirements to attain green certification.
Mapletree Non-Executive Director of the Manager resigns
Michael Thomas Smith has resigned to pursue other interests.
Accor’s Hotel Faber Park SG offers unique experience for culture-seeking travellers
Singapore’s first Handwritten Collection hotel was inspired by the iconic Mount Faber.
Keppel releases $200m floating rate notes due 2029
This is pursuant to a $5b multicurrency medium-term note programme.
Sabana Industrial REIT files originating claim against Kleio One-Solution
The tenant occupies the properties at 33 & 35 Perjuru Lane.
PropertyGuru taps Singlife chair to lead its board of directors
Singlife’s Ray Ferguson will begin his role at PropertyGuru on 1 January 2024.
TE Capital-LaSalle JV to acquire VisionCrest Commercial
The asset has an occupancy rate of 99%.
Islandwide vacancy rates for business parks inches up to 19.5% in 3Q23
The poor take-up rate in the East Planning Region affected vacancy levels.
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