Commercial Property

The notes are under the $500m multi-currency debt issuance programme.

The firm recorded $281m sales value.

The REIT will now acquire the 25% stake in the facility via debt funding.

The facility was raised under the REIT’s Sustainable and Sustainability-Linked Finance Framework.

Sinar Mas Land and Mitbana will develop the 108-hectare site.

In Singapore, the premium stands between 4%-6%, JLL reported. 

Founder Jane Toh said Staytion seeks to address the lack of “work near home” amenities.

The improvement in profitability of LHN’s space optimisation business drove the increase.

It rebounded from 50%-60% to 80%-90% on average.

Citigroup Global Markets Singapore will assist the strategic working group.

It was sold for $35.3m

JLL said the Lion City had amongst the biggest year-on-year increase in fit-out costs.

Retail vacancy was the lowest since 2019, at 7.8% in the third quarter of 2022.

Cooling is critical to our modern society. It provides comfort for buildings and essential temperature controls for mission critical infrastructure...

In Q321, the proptech company's net loss was $9.6m.

Investment volume declined 30% QoQ to $5.33b.