Commercial Property
Beauty World Plaza relaunches tender at $165m
Beauty World Plaza relaunches tender at $165m
It got an in-principle approval to convert the residential component to serviced apartments.
ESR-REIT JV to buy logistics property for $225m
The site will serve as Poh Tiong Choon Logistics’ corporate headquarters.
31% of TEE Land's Lattice One units sold over the weekend
The average price of the units sold was around $1,800 psf.
Mercurius to buy 50% stake in Thai property development firm
A three-party JV will jointly develop Sheraton Phuket Grand Bay Resort in Phuket.
First Sponsor enters JV to develop Guangdong mixed-use property
Wanjiang Victory Land comprises three adjacent plots with a total site area of approximately 42,343.4 sqm.
Daily Briefing: Sentosa Cove property prices fell to record low $1,367 psf; Full floor plate at Springleaf Tower up for sale at $27.2m
And 25-year-old Great Singapore Sale will kick off by 21 June. From Property Guru:
Industrial property sales jumped 27.6% to $1.3b in Q1
Major transactions include factories in Tuas South Avenue and Banyan Drive being sold for $585m and $227.5m, respectively.
How can CapitaLand Retail China Trust fund its $589.2m mall acquisition?
A private placement paired with preferential offering could boost its DPU, an analyst said.
GIC teams up with Polymer Connected to build Jakarta data centre campus
It will include 2.6MW Tier III and 26MW Tier IV data centre facilities.
Frasers Centrepoint Trust's preferential offering oversubscribed
The firm will realise gross proceeds of about $67.7m to fund its acquisitions.
$589.2m China mall buys to spur short-term pain for CapitaLand Retail China Trust
Debt costs could pare its DPU by 7%.
Daily Briefing: Pasir Panjang Power District eyed for waterfront lifestyle potential; Singapore to have 13,000 shared bicycles in 2019
And a Jalan Besar property sold $10m below its indicative price of $47.4m.
CapitaLand to sell three malls in China for $589.2m
The sale will generate proceeds of about $239.9m and a net gain of $37.6m.
Cromwell European Real Estate Investment Trust regains control over Paris site
The firm is set to receive $1.4m compensation for the loss of potential rental income from the French government.
Chart of the Day: Monthly retail rents of first-storey spaces up 0.5% in Q1
Properties in Orchard/Scotts Road has the most expensive rates at $36 to $39 psf.
Property investments in Guangzhou and Shenzhen rose to $61.91b in 2018
Guangzhou accounted for 60% of transactions of over $113.39m.
Chart of the Day: 1.5 million sqft of retail property supply to come online by 2022
Over half of the upcoming retail development will be completed in 2019.
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