Commercial Property

CLI acquires 22-storey office tower in Melbourne

CLI acquires 22-storey office tower in Melbourne

The asset is the fifth investment made by CLI in Australia within six months.

REITs ‘not out of the woods yet’ but easing of inflation offers respite

UOB Kay Hian noted the easing of US core inflation to 4.9% in April 2022.

How will the Paya Lebar Air Base be redeveloped

The air base is set to be relocated in 2030.

Prime retail rents ‘stabilising’ after 2-year decline: Savills

Prime retail rents in Orchard Area rose by 0.4% in the first quarter of 2022.

ESR-Logos Reit’s trustee priced subordinated perpetual securities at $150m

The net proceeds of the issuance will be used to fund the merger.

Singtel to get net proceeds up to $1.3b from Comcentre divestment

Singtel recently partnered with Lendlease as the appointed developer.

Cuscaden Peak declares unconditional its mandatory cash offer to acquire SPH REIT units

It has received valid acceptances of its chain offer of an aggregate of 130,059,351 offer units.

Singtel taps Lendlease to transform its Comcentre into a $3b next-gen workplace

The redeveloped headquarters is expected to be completed in 2028.

TIAS, RICS ink MOU for construction, property management sustainability

Construction and property management account for 40% of global carbon emissions.

Lendlease designates new head of data centres

Sunita Bottse has more than 10 years of experience building Tier IV data centres.

Frasers Property secures $587.9m green financing for Australian business

It is the fourth green financing for its Australian business.

CDL units sold fall 41% YoY in Q1 2021

This is due to the cooling measures implemented late last year.

Shophouses in the heart of Chinatown on sale for $53m

The shophouses have basement and attic levels along Pagoda Street.

Asia Green on sale via expression of interest

The expression of interest will close on 28 June at 3 p.m.

FLCT acquires $58.4m prime freehold commercial property in Australia

The five-storey building is located in Mount Waverley, Victoria.