Commercial Property
Grade A office space average rent up 2.3% QoQ to $10.46: JLL
It is the fastest office rent growth since the second quarter of 2021.
Singapore is the world’s 3rd priciest flexible office location
The Lion City’s average cost of a private office desk space is at $834 monthly.
Retail units at Orchard Shopping Centre on sale at $90m: CBRE
The sale will end on 4 May 2022.
Frasers Property completes divestment of Sydney asset
It was sold at a consideration of $309.1m.
Frasers Property subsidiary enters agreement to engage in potential land projects in China
The subsidiary will provide $394.41m to fund the cost of the proposed investments.
Outbound commercial real estate investment surges 164% to $43.41b
Singaporean capital led Asian outbound real estate investment rebounds in 2021.
CICT acquires two Australia-based properties for $150m
The two properties are located at 66 Goulburn Street and 100 Arthur Street.
Ascendas India Trust to acquire Phase 2 warehouse in India
It signed definitive agreements for the proposed acquisition.
Lendlease Global Commercial REIT's private placement subscribed 3.3 times
It sees an upsize to $400m from an initial size of $325m.
ESR-REIT and ALOG unitholders approve ELOG formation
The merger will be done by way of a trust scheme arrangement.
Keppel DC Singapore 1 takes DXC to court for $14.8m
The suit pertained to DXC's failure to pay for colocation services.
About 99% of ESR-REIT shareholders approve ARA LOGOS merger
More than 1.2 billion voting shares decided the fate of the two companies.
Mapletree REITS offer cash-only consideration option to $2.2b proposed merger
A backing of up to $2.2b will be implemented by the group.
ARA US Hospitality Trust to divest hotel asset in Chicago for $10.5m
It will be sold to IHP Hospitality.
ESR-REIT chief exec to serve as CEO of ESR-LOGOS REIT manager
The appointment will be official should the merger of ESR-REIT and ALOG push through.
Pair of adjoining shophouses in Jalan Besar for sale at $23m guide price
It is being sold via Expression of Interest (EOI),
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