Commercial Property
CapitaLand Commercial Trust to buy 94.9% interest in German freehold office for $387.1m
CapitaLand Commercial Trust to buy 94.9% interest in German freehold office for $387.1m
MAC is a multi-tenanted office with a total net lettable area (NLA) of approximately 60,200 sqm.
Frasers Property bags $714.89m term loan
It comprises a $476.59m five-year green loan tranche and a $238.30m five-year tranche.
Office rents in Q2 rose 1.5%
Gross effective rents hit $10.79 psf pm.
Chart of the Day: Outbound property investment from Singapore hit $9.6b in H1
Office properties accounted for the highest investment sales volume at $6.4b.
Keppel Infrastructure Trust back into the black as Q2 profit hit $15.9m
Revenue ballooned to $418.02m from $142.9m in Q2 2018.
Suntec REIT buys Australian freehold Grade A office for $141.51m
The 12-storey property has an NLA of 282,000 sqft and a committed occupancy of 91.6%.
Keppel REIT NPI dropped 28.1% to $31.06m in Q2
It was dragged by the lower one-off income from Ocean Financial Centre.
Seletar Mall buy could add up to 10% to SPH REIT's FY 2019 DPU
The firm’s DPU inched up 1.5% YoY to $0.0139 in Q3, thanks to higher contributions from The Rail Mall and Figtree Grove Shopping Centre.
Chart of the Day: Total property investment sales fell 9.52% to $11.4b in H1
Industrial property sales led the declines.
Singapore Press Holdings profits dropped 44.1% to $26.2m in Q3
Lower print advertisement and circulation revenue dragged down the company’s performance.
CapitaLand's development pipeline doubles to 13.9 million sqm over Chinese, Indian assets
Its China development pipeline alone has grown 25% to 7.1 million sqm GFA.
Ascott expands portfolio with 26 new properties
It has branched out into six cities such as Atyrau, Yokohama, Seongnam and Hoi An.
Chart of the Day: Industrial rents down 1% to $1.98psf in Q2
The Kallang, Geylang and Bendemeer cluster saw the largest rental decline to $3.10psf.
SPH REIT's NPI up 14.2% to $46.32m
The income boost came from its Rail Mall and Figtree Grove Shopping Centre properties.
Keppel Land buys three Vietnam land parcels for $76m
It will develop around 2,400 premium apartments with local developer Phu Long Real Estate Corporation.
Mapletree Industrial Trust's DPU could get 2.5% leg up from Kolam Ayer 2 Cluster redevelopment
It will add a 211,000 sqft build-to-suit facility for a global medical device firm.
Ascendas India Trust to construct Indian warehouse for $42.1m
The warehouse will be leased to logistics firm Arshiya.
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