Commercial Property
Elite Commercial REIT IPO oversubscribed 3.4 times
Elite Commercial REIT IPO oversubscribed 3.4 times
The IPO is expected to raise about $140.38m.
Chart of the Day: Tech firms beat finance companies in filling office spaces in 9M 2019
The tech sector’s growth was partly attributed to Singapore’s strong IP rights protection.
Office supply to tighten over the next decade
This may allow rents to rise 20% in the CBD over 2020-2022.
Travel ban from China may impact Orchard Road malls
Chinese visitors spent more on consumables compared to the average visitor.
Daily Briefing: Hotels with 2019-nCoV cases to get financial aid; MacPherson Road industrial building sold for $88m
And digital identity software provider GTRIIP bags Series B funding.
Ascendas REIT's NPI up 8.5% to $182.3m in Q3
Its logistics assets in the UK led has the most contributions.
OUE C-REIT's NPI leapt 48.3% to $204.95m in 2019
The growth was mainly attributed to the company’s merger with OUE H-trust.
Keppel Capital forms JV with healthcare firm Australian Unity
It will buy a 100% stake in an Australian REIT for $365,880.
Chart of the Day: Multiple-user factory space prices jump 1.2% QoQ
Other regions recorded drop in prices.
Property investment sales to accelerate across all segments in 2020
Commercial, hospitality, and industrial properties tipped to be investment bright spots in 2020.
Starhill Global REIT's NPI fell 5.9% to $37.2m in Q2
The contraction was attributed to the enhancement works of the Starhill gallery in Malaysia.
Chart of the Day: 2.2 million sqm of industrial space to be completed in 2020
About 80% of the upcoming supply will be for factory space.
Elite Commercial REIT prices IPO at $1.21 apiece
Its initial portfolio comprises 97 commercial buildings in the UK.
CapitaLand closes six malls in China amidst novel coronavirus outbreak
Local governments in Wuhan and Xi’an cities required the closure.
Daily Briefing: Singapore's real estate market is 9th most dynamic in the world, Sea Group buys Canadian game developer Phoenix Group
And Steve Leonard to step down as SGInnovate founding CEO.
Chart of the Day: 170 uncompleted strata-titled industrial units up for sale in Q4 2019
Nearly half of the units are between 200-299 sqm in size.
MLT to acquire Japan logistics centre for $272.5m
The company aims to fill the market gap of grade A logistic properties in Japan.
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