Commercial Property

ARA boosts stake in Kenedix to 30%
17 May 21
The target company is considered Japan’s largest independent real estate asset management group.
Cromwell European REIT net property down by just 0.4%
14 May 21
The real estate investment trust attributed its stable income to its expansion into four European countries.
Frasers Property net income up 18% despite hard-hit hospitality sector
14 May 21
Frasers Property reported a net income of $275.8m for the first quarter.
IFCA MSC Berhad wins Mobile - Hospitality & Leisure trophy in Malaysia Technology Excellence Awards
12 May 21
Its touchless mobile internet hotel management solution HotelX leads in digitising hotel businesses in the hospitality industry.
Singapore commercial property market activity leaps by 200%
11 May 21
Singapore is amongst those countries building momentum in the commercial market this year.
Lendlease REIT properties enjoy near-perfect occupancy
7 May 21
Tenant sales recovered by 94% to end the first quarter at near pre-pandemic levels.
Hongkong Land “uncertain” over COVID-19's full-year impact
7 May 21
The property firm has yet to determine how the prolonged pandemic will affect its performance.
ESR-Reit launches private placement to raise $150m
7 May 21
It will be used to fund the acquisition of Singapore and Australian assets.
SingHaiyi Group launches three-way joint tender
7 May 21
The tender is for the well-known $276.8m property in Maxwell Road.
Ascendas REIT private placement oversubscribed at $2.944
6 May 21
Parts of the proceeds of the private placement will be used to fund its acquisition of Galaxis.
HDB resale volume dips by 4.4% in April
6 May 21
This comes as the prices of those resales continue to rise for the tenth month in a row.
AA REIT DPU jumps 41.5% to 2.90 cents
5 May 21
Its distribution to unitholders also increased to $20.5m.
OUE C-REIT net property income slips l.6% to $61.1m
5 May 21
While its commercial portfolio remained resilient, OUE C-REIT's hospotality business took a hit in the first quarter.
Ascendas Reit to acquire remaining 75% interest in Galaxis
5 May 21
The acquisition is estimated to be worth a total of $534.4m.
City Developments in the midst of a board exodus
4 May 21
Lim Yin Nee Jenny is the fourth director to resign from the property developer's board.
OUE C-Reit redeems $155m convertible units in One Raffles Place deal
4 May 21
THe units will be redeemed on 1 June.
Mapletree Industrial Trust distributable net property income up 11.3%
30 Apr 21
The REIT found the fiscal year challenging as tenants struggled during the pandemic.
ARA acquires 50% stake in Dasin Retail Trust Management
30 Apr 21
The company plans to extend its reach in China’s Greater Bay Area.
ESR-Reit divests two "non-core" assets for $53m
29 Apr 21
ESR-Reit divests of an industrial building and a warehouse for additional funds.
LHN Limited acquires Geylang Road property for $13.5m
29 Apr 21
The real estate management firm bought it under an Option to Purchase agreement.
Starhill Global REIT net property income hops 0.6% in its Q3
27 Apr 21
The investment trust said its income was stable amidst uncertainties caused by the pandemic.
Colliers strengthens team with key appointments in Singapore
27 Apr 21
Promotions and appointments were also made in Hong Kong, Korea and Japan.
CICT net property income up 66.6% to $247m
27 Apr 21
CapitaLand Integrated Commercial Trust is optimistic about the gradual easing of safe management measures.
Ascendas REIT posts 86.9% portfolio occupancy in Q1
26 Apr 21
The QoQ decline was largely due to non-renewals at the TÜV SÜD PSB Building.
Elite Commercial REIT revenue surges in Q1, due to 100% occupancy
23 Apr 21
Revenue was further boosted by the acquisition of 58 commercial properties in the UK.
Industrial property prices rose 0.9% QoQ in Q1, 2021
23 Apr 21
However, prices are still 1.3% down on a year-by-year basis.
Ascendas India Trust posts 5% net income increase amidst COVID-19 resurgence
22 Apr 21
The SGX mainboard-listed company saw lower total property income offset by lower property expenses.
Rents decline slows amidst retail recovery
21 Apr 21
Retail rents are expected to stabilize, after a predicted decline of 5%.
Blackstone to acquire The Sandcrawler business park for $176m
21 Apr 21
The Sandcrawler houses global corporations in technology and media sectors.
Far East Hospitality launches partnership with Indonesia's ARTOTEL group
21 Apr 21
The partnership is part of the Far East Hospitality regional expansion.
Analysts project 75% of workers will be back in office in full-time next year
20 Apr 21
Demand for office space will continue to be high until at least 2022.
Colliers names Tridiana Ong as new executive director of tenant representation
19 Apr 21
Ong has over 14 years of commercial real estate experience.
Sinarmas Land sells London property for $131.8m
15 Apr 21
The freehold property provides 44,116 square feet of office space in the UK capital.
Commercial volumes grow 43.8% YoY in Q1 as investor confidence returns
15 Apr 21
Property investment levels are expected to recover to pre-COVID levels in the coming quarters.
RSP sees greener ways of unlocking new value for development
14 Apr 21
Not only does it rejuvenate the development, it also preserves the memories people have of the place.
LHN Limited subsidiaries buy $16m Beach Road property
13 Apr 21
One of the properties will be turned into the Group's new headquarters.
Flight to quality movement drives Grade A office demand
13 Apr 21
CBRE has reported that demand for high-end homes is also on the rise.
GuocoLand CEO Raymond Choong to step down
12 Apr 21
Singapore managing director Cheng Hsing Yao will replace Choong.
Office occupancy heats up as businesses return to the office
12 Apr 21
Employees may soon see themselves working from home only once a week.
Real estate investment deals up 26.7% in Q1, 2021
7 Apr 21
Residential properties led the investment sales, Knight Frank Singapore has reported.

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