Commercial Property
Keppel REIT designates a new chief financial officer
Sebastian Song offers two decades of experience in finance and audit.
Limited supply, back-to-office momentum boost Core CBD Grade A office rents
Grade A office buildings in the CBD saw positive net absorption of 0.11 million sq ft in 3Q23.
4 shophouses in mature HDB estates up for sale
Knight Frank will conduct its sale via an expression of interest (EOI) exercise.
Cindy Teo is Prime US Reit’s new CFO
She previously had top posts in LOGOS and OUE Hospitality Reit.
CapitaLand divests four properties in France for $64.7m
The divestment is part of CLAS’ ongoing efforts to enhance its portfolio.
Frasers Centrepoint Trust sells 143.89 million shares in Hektar REIT for $37.4m
Following completion, FCT will only hold 2.12% of total units in the REIT.
ST Engineering taps Savills for airframe maintenance facility in Changi Creek
Savills will be part of the Multi-Disciplinary Consultancy Team for the project.
Lendlease calls on industry players to address value chain carbon emissions
Value chain emissions account for 90% of Lendlease’s emissions.
SG real estate posts annual growth rate of 4.2%
It was driven by the influx of expatriates to the city-state.
Food factory site at Senoko Crescent on sale for $14m
The property has two floors of cold-room and production facilities.
Pair of freehold shophouses in Lavender Street on sale for $12.5m
Savills will conduct its sale via an expression of interest exercise.
Chart of the Day: Business park space vacancy reaches highest level since 2014
The vacancy rate in the Central Region eased to 7.3%.
Industrial rents to increase up to 6% in 2023
Warehouse rents will grow by 3% to 5%.
CLI’s core-plus private fund acquires logistics property in S.Korea for $112m
The acquisition brings the fund’s FUM to over $1b.
First Sponsor units acquire Allianz Tower in Rotterdam for $90.6m
The tower is fully leased to Allianz Nederland Groep until 31 December 2035.
New WMI programme seeks to protect family offices vs financial crime
It will also impose compliance requirements and standards for taxes.
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