Commercial Property
FLT to buy logistics facilities in Germany and Australia for $612.5m
FLT to buy logistics facilities in Germany and Australia for $612.5m
These properties have a total gross lettable area of approximately 297,000sqm.
Ascott REIT and Ascendas Hospitality Trust propose merger to create largest hospitality trust in APAC
It will comprise 88 properties across 15 countries with an asset value of $7.6b.
Suntec REIT's 21 Harris Street buy could plug DPU dilution
The property’s long WALE and income guarantee for the first three years should cushion it from residential and economic downturns.
GIC and Equinix tie up to develop six European hyperscale data centres
The six facilities will provide 155MW of power capacity when fully developed.
Freehold corner sites in East Coast Road and Balastier Road launched for sale
The single-storey property at East Coast Road has a freehold site of 2,872 sqft whilst the Balastier Road mixed property has 4,377 sqft.
Lendlease to co-invest US$1b in Asian data centres
It linked up with an institutional investor to invest in data centres in Australia, China, Japan, Malaysia, and Singapore.
Property investment sales up 30.7% to $5.85b in Q2
Heavyweight office deals accounted for 47.1% of overall sales.
Suntec REIT buys Australian Grade A office for $281.54m
The property has a net lettable area (NLA) of approximately 203,400 sqft.
Frasers Hospitality REIT takes out $370m loan
This comprises an aggregate amount of $350m in bank loans and a $20m revolving credit facility.
Google tenancy to make up for Microsoft's 2020 departure from Alexandra Technopark
The lease could see Frasers Commercial Trust’s FY 2020 NPI and DPU up 1.5%.
Singapore's prime office occupancy costs climbed 17.3% in Q1
Tightening vacancy and strong absorption drove rents up to $154.84 psf.
Frasers Commercial Trust declines co-investment offer in Frasers Tower deal
It received a notice from Frasers Property of its intentions to enter into an arrangement with an unrelated co-investor.
2-24 Phoenix Road revives en bloc bid for $42m
The 5,853.1-sqm property in Bukit Panjang was originally put up for sale on 29 November 2018.
Chart of the Day: Financial services sector occupy 42% of CBD office space
Raffles Place/New Downtown is a preferred location for banks and other financial institutions.
Oxley buys 40% stake in Malaysian developer for $6.56m
This comprises four million ordinary shares and 16 million redeemable convertible preference shares.
Frasers Commercial Trust inks lease agreement with Google
The tech giant will take up around 344,100 sqft at Alexandra Technopark for five years.
Funan's retail arm receives 95% leasing commitment ahead of opening
F&B brands occupy around 25% of the space.
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