More News
TRANSPORT & LOGISTICS | Staff Reporter, Singapore
view(s)

Cache portfolio occupancy declines by 0.7% in 4Q17

Mainly because of a tenant vacating DC 2.

CIMB has reported that CACHE's portfolio occupancy rate went down by 0.7% qoq, because of a tenant that used to occupy half of Changi Districentre 2.

Rental reversion for 4Q17 declined by 3.7%, excluding multi-tenanted building (MTB) conversions.

CIMB believes there is a looming NPI margin pressure if the property is converted into a MTB.

Further, 19.3% of gross rental income (GRI) is open for renewal in FY18F, with approximately 12% caused by leases expiring in April at the CWT Commodity Hub.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.