Commercial Property
Industrial sales down 11.6% QoQ in Q1 23: Knight Frank
Industrial sales down 11.6% QoQ in Q1 23: Knight Frank
The quarter closed with a total sales of $799.4m.
Singapore sees slowest quarter in total investment deals since 2020
Total investment sales amounted to S$4.2b during the first quarter.
Keppel DC Reit issues $72m floating rate notes due 2030
This is in pursuant to the $2b multicurrency debt issuance programme.
Sabana Industrial REIT secures URA permit for 1 Tuas Avenue enhancements
The project is expected to comprise around 156,000 sqf warehouse, production, and ancillary office.
Core CBD Premium, Grade A office rents grow by 0.5% QoQ
The vacancy rate for these offices increased to 2.9%.
Keppel Infrastructure unit, Sabana Industrial REIT ink deal on sustainability solutions
Under the deal, PV solar panels will be installed in the REIT’s selected properties.
Keppel’s new long-term goal: AUM growth to $200b
The firm achieved its target of $50b of assets under management.
Mapletree Logistics Trust to acquire logistics properties in Japan, Australia, and South Korea
The REIT will acquire the priorities for $913.6m.
Civil action vs Keppel Corp subsidiary on Jakarta land plots ruled inadmissible
The accuser claimed that he had ownership rights over the land.
Yangzijiang Shipbuilding to acquire office building at 39 Robinson Road for $399m
The property has a gross floor area of 15,723.92 square metres.
Core CBD Grade A office rents went up 0.4% QoQ in Q1 23
CBRE Research said the office market continued to be resilient.
Keong Hong unit bags $118m tender for office building at Cecil Street
The unit will begin construction in May.
JTC opens site under IGLS on Tampines North Drive
The area is the third of four confirmed list sites for the first half of the programme.
Far East H-REIT receives $18m incentive fee from Central Square divestment
The REIT has received a total of $331.2m from the sale of the property.
Keppel unit sells stake in PH mall to BDO for $195.0m
BDO already holds a 50% stake in the mall.
Office segment remains on an ‘even keel’ driven by flight-to-quality demand
Knight Frank said occupancy levels of CBD offices are 94%-95%.
Mapletree Pan Asia Commercial Trust to issue $150m green notes
The issuance has a fixed rate of 4.25%.
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