Commercial Property
Prime logistics properties up by 3% in Q1 2022
Prime logistics properties up by 3% in Q1 2022
Except for outlying business park space, steady rental increases were seen.
CBD Grade A office rents climb 2.1% QoQ in Q122
By yearend, analysts expect rents to trend higher to about 5%.
National Aerated Water Building is on the market for $18.9m
Foreigners are eligible to purchase the building.
Lendlease REIT’s 2022 perpetual securities market priced at $200m
This was on the back of strong demand from investors.
Cromwell European REIT prices 1.3m new units at $3.34 each
The issuance of new units is pursuant to the REIT’s distribution reinvestment plan.
SPH REIT’s NPI rises by 0.4% to $105.3m in 1H22
The increase was driven by a gradual recovery in the operating environment.
10 Toh Guan Road East up for sale
The property will be sold via Expression of Interest (EOI).
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.
Read Here
Advertise
Sign Up
Commentary
Could Singapore lead the world's next management revolution?
RIE2030’s real test: Turning innovation into impact
What Singapore logistics operators often overlook when electrifying fleets
Singapore's mid-market leadership problem nobody is talking about
From ‘only’ to ‘one of’: What Thailand’s land bridge means for Singapore businesses now
Digital identity in the age of AI: Singapore’s strategic advantage
Why Singapore-based firms still underestimate the human side of doing business in North Asia
Singapore's hiring slowdown: A call for data-driven resilience
When it comes to AI, there is no such thing as too many chefs