Commercial Property
Cromwell EREIT’s net property income dips 1.1% YoY to $146.7m in 9M23
Cromwell EREIT’s net property income dips 1.1% YoY to $146.7m in 9M23
The REIT attributed the decline to the absence of income from office projects under redevelopment.
How will the updated list of areas prohibiting new eateries impact the shophouse market?
Over 30 roads across 19 areas are part of the list.
Shophouse transactions fall 24.5% YoY in 9M23
Transaction value likewise fell, dropping 17.1% YoY.
CapitaLand India Trust bags 5-year construction loan of $214m
CLINT will use the loan for its Navi Mumbai data centre.
CapitaLand to manage retail spaces at Singapore Sports Hub
The company will serve as the hub’s retail operator for 6 years.
Jardine Matheson says 3Q23 performance 'marginally above' 3Q22
The company attributed its improved performance to strong growth from Astra.
Industrial market rents rise 2.0% YoY in 3Q23
Growth eased from the previous quarter.
High-specification warehouse in Pandan Road up for sale via EOI
The property's floor area spans 126,800 sq ft.
United Hampshire US REIT achieves higher net property income of US$38.7m in 9M23
The REIT’s net property income rose 12.2% YoY.
CapitaLand Investment’s revenue dips 3% YoY to $2.1b in 9M23
CLI’s real estate investment business weakened during the period.
IREIT’s portfolio occupancy slightly rises to 90.4% in 3Q23
In 2Q23, occupancy was at 88.7%.
Profit of Far East Orchard rises 18.8% YoY to $7.6m in 9M23
The company attributed improved financial performance to the strong recovery of its hospitality business.
Prime US REIT posts 3.3% YoY lower net property income of US$23.4m in 3Q23
The REIT also reported a lower income available for distribution of US$12.7m.
SG commercial property investment volume cut by more than half in 3Q
Deal activity in Singapore totaled only US$571m.
Trustee lays out commercial options to build functioning internal management for Sabana REIT
Amongst these options is the retention of existing staff of the REIT’s manager.
Lendlease Global Commercial REIT’s portfolio occupancy hits 99.9% in 1Q24
It also reported a long weighted average lease expiry of eight years by net lettable area.
EC World REIT’s distribution per unit drops 32.8% YoY in 3Q23
The REIT also reported lower net property income and gross revenue during the period.
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