Commercial Property
Frasers Property profits fall 25% to $569m in FY2019 over Australia woes
Frasers Property profits fall 25% to $569m in FY2019 over Australia woes
The company’s Singapore and Australian projects reported lower contributions.
Growth of grade A office rents stalls as tenants delay expansion plans
Rents hit the wall after eight consecutive quarters’ growth.
OUE's profits surged to $124.1m in Q3
It received a $90.9m one-off non-cash gain from OUE C-REIT and OUE H-Trust merger.
Yanlord profit plummeted 94% to $11.41m in Q3
Lower GFA delivery dragged it down.
The Arcade in Raffles Place to be tendered for $780m
The property’s management team says the building needs a revamp.
OUE C-REIT's NPI up 54.8% to $50.1m in Q3
This was mainly due to contribution from the OUE Downtown office.
UOL profits down 7% to $80.05m in Q3
This was due to lower profit from the group’s properties.
Top three S-REITs averaged total return of 50% YTD
Ascendas India Trust leads the pack with a total return of 52.7%.
Chart of the Day: CBD and city fringe offices rent gap to widen to 30% in 2023
City fringe rents are expected to grow 2.4% from 2019-2023.
MCT raises $460.5m in oversubscribed preferential offering
It will be used for the acquisition of Mapletree Business City (Phase 2).
Daily Briefing: Lending platform Lend East to raise $68.07m in debt; Alexis shop units for sale at $10m
And former Citi managing director joins Temasek’s Pavilion Energy.
Chart of the Day: Prime retail rents remained flat in Q3
Orchard Road rents remained unchanged on the back of limited supply, which offset lower tourist spending.
GIC-owned firm buys Hotel de Rome in Berlin
It used to house Dresdner Bank and the East German state bank.
Metro Holdings buys 20% stake in 14 Australian properties for $89.7m
These include four office buildings and 10 retail centres.
UIC profit down 13% to $52.9m in Q3
Lower contribution from its project, The Clement Canopy, dragged profits down.
CapitaLand sells Citadines Mercer Hong Kong for $101.6m
The property has an agreed value of $129.4m.
Chart of the Day: Check out the notable hotel land sales in 2018-2019
Midtown Development secured the Club Street site for more than half a billion dollars.
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