Commercial Property
The Arcade in Raffles Place to be tendered for $780m
The property’s management team says the building needs a revamp.
OUE C-REIT's NPI up 54.8% to $50.1m in Q3
This was mainly due to contribution from the OUE Downtown office.
UOL profits down 7% to $80.05m in Q3
This was due to lower profit from the group’s properties.
Top three S-REITs averaged total return of 50% YTD
Ascendas India Trust leads the pack with a total return of 52.7%.
Chart of the Day: CBD and city fringe offices rent gap to widen to 30% in 2023
City fringe rents are expected to grow 2.4% from 2019-2023.
MCT raises $460.5m in oversubscribed preferential offering
It will be used for the acquisition of Mapletree Business City (Phase 2).
Daily Briefing: Lending platform Lend East to raise $68.07m in debt; Alexis shop units for sale at $10m
And former Citi managing director joins Temasek’s Pavilion Energy.
Chart of the Day: Prime retail rents remained flat in Q3
Orchard Road rents remained unchanged on the back of limited supply, which offset lower tourist spending.
GIC-owned firm buys Hotel de Rome in Berlin
It used to house Dresdner Bank and the East German state bank.
Metro Holdings buys 20% stake in 14 Australian properties for $89.7m
These include four office buildings and 10 retail centres.
UIC profit down 13% to $52.9m in Q3
Lower contribution from its project, The Clement Canopy, dragged profits down.
CapitaLand sells Citadines Mercer Hong Kong for $101.6m
The property has an agreed value of $129.4m.
Chart of the Day: Check out the notable hotel land sales in 2018-2019
Midtown Development secured the Club Street site for more than half a billion dollars.
UOB appoints receivers of Libra Group's mortgaged property in Loyang
Three individuals have been named as joint receivers.
Frasers posts 100% occupancy rate after Amazon lease in Q4
The firm completed 122,554 sqm of leasing.
GIC buys tallest building in Beijing's Lize financial district
The firm will wholly own the property after the purchase.
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