Commercial Property
SPH REIT NPI increased 23.3% to $56.5m in Q2 2020
SPH REIT NPI increased 23.3% to $56.5m in Q2 2020
The improvement came from 98.9% occupancy rate in their assets.
OUE introduces rental relief package
These include a waiver of gross rental for April 2020 and rent cuts of 15%-25%.
Keppel Land China sells stake in Jiangyin site for $94.5m
It is expected to be completed in Q3.
Ascendas Reit buys 25% stake in business park property for $102.91m
The property has a gross floor area of 68.835 sqm.
Court hearing for FLT-FCOT merger set on 3 April
FCOT will be delisted on 29 April.
SPH board and senior management to take pay cuts
SPH Reit grants rebate to businesses to reduce the impact of COVID-19. Singapore Press Holdings (SPH) board members will take a voluntary 10%...
Frasers Property tops up $45m in rental rebates
It will be disbursed to its retail tenants in a targeted manner.
OUE CREIT launches $2b multicurrency debt issuance programme
Proceeds may be used partly for refinancing the trust’s borrowings.
DBS provides $178.09m sustainable loan to HK listed REIT
Proceeds will be used for general corporate funding purposes.
Manulife US REIT bags 53,000 sqft lease for New Jersey property
It has a tenure of 12 years.
Keppel sets up package in aid of national efforts against COVID-19
The initiative is expected to raise more than $4.2m.
Returns of China-focused S-REITs down 23% in March YTD
CapitaLand Retail China Trust led the declines with a 33% drop in returns.
Chart of the day: Average rents in City Hall, Marina Center fell 12% from 2014 peak
Average rents in the area have been on a downturn since 2010.
Sasseur REIT malls re-open with 129% surge in sales
The first-day sales of its Bishan outlet mall soared 228% to $390,910.
Chart of the Day: Mortgagee sales value jumped 25.3% to $38.5m in 2019
The average ticket size of mortgagee sales almost doubled that of 2018.
United Hampshire US REIT enters interest rate swaps
The fixed rate was lower than expected following the US Fed rate cuts.
Ho Bee Land unit wins tender of Biopolis Phase 6 for $223.6m
It will be completed in 2022, adding another 35,000 sqm of business park space.
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