Commercial Property

Lendlease Reit net property income up 32.7% YoY in FY22

Its distribution per unit grew 4.9% year-on-year (YoY).
1 day ago

Lendlease Reit net property income up 32.7% YoY in FY22

Its distribution per unit grew 4.9% year-on-year (YoY).
1 day ago

Ascendas REIT to acquire Philips APAC Center for $104.8m

More than two-thirds of the property’s gross floor area will be leased to Philipps.
4 days ago

Chart of the day: Strata retail gears up for a comeback

Reopening of the retail sector spurred interest in strata retail spaces.
4 days ago

Prime Freehold Corner F&B unit up for sale: CBRE

The unit is located at 2 Greenwood Avenue.
5 days ago

Manulife US REIT’s net income rises 2.8% YoY to US$57.6m in H122

The REIT said higher car park income was amongst the factors that drove the increase.
5 days ago

Ascott acquires first lyf-branded co-living property in Tokyo

The property will be acquired through the Ascott Serviced Residence Global Fund.
5 days ago

ARA H-Trust’s net income soars 131% YoY to US$21.1m in H122

The increase was on the back of the trust’s higher revenue and gross operating profit.
5 days ago

Prime US Reit’s net property income up 9.7% in H1 22

The net property income was at $70m (US50.8m).
5 days ago

CBD Grade A office rents demand up by 0.4% in Q2 22

Net demand for offices amounted to 136,00 square feet.
5 days ago

Ascendas REIT’s net income increase 7% YoY to $476.9m in H1 22

The increase was driven by contributions from its newly acquired properties.
6 days ago

Strata office transaction value shrinks to $365.1m in H122

Compared to H221, the H122 figure represents a 15.7% decline.
6 days ago

Possible S$4b Mercatus acquisition to fortify CICT’s defenses

CICT will likely embark on an equity fund-raising if its bid is successful.

Shophouses, residential building up for tender on 2 August: PropNex

Tender sales for the properties will close on 9 and 7 September, respectively.

Starhill Global REIT’s NPI jumps 7.6% YoY to $75.1m in FY21/22

The cessation of rental rebates in Malaysia contributed to the increase.