Commercial Property
Suntec REIT NPI dipped 7.6% to $58.1m in Q1
Suntec REIT NPI dipped 7.6% to $58.1m in Q1
Lower revenue from Suntec Singapore and 177 Pacific Highway dragged on earnings.
Daily Briefing: Singapore unveils plans to build 50-hectare train testing centre; AI sales assistant firm startup Saleswhale raises US$5.3m
And new-gen integrated development Funan obtained its TOP.
CapitaLand Mall Trust NPI rose 11.5% to $140.1m in Q1
The increase was due to the completion of the acquisition of the balance 70% of the units in Infinity Mall Trust.
Frasers Centrepoint Trust NPI grew 4.8% to $36.44m in Q2
The 24.6% NPI growth at Changi City Point drove up earnings.
SPH and Perennial Real Estate ink deal to organise co-branded events
The partnership will leverage on SPH’s content creation capabilities and Perennial’s property assets.
CBD Grade A rents to grow 8% in 2019: report
Total net demand could reach 857,000 sqft amidst supply shortfall and healthy occupier demand.
Japan's commercial property market to rise despite tight conditions
Prime rents within Tokyo’s 23 CBDs pushed to $71.57 per 1,420 sqft per month, a cyclical high for stock of this nature.
Frasers Property arm to sell three Australian retail assets
Central Park Retail is expected to transact in excess of $170m.
Frasers Commercial Trust's NPI dropped 10.5% to $20.09m in Q2
It blamed lower occupancies at Alexandra Technopark and the sale of 55 Market Street.
Mapletree Industrial Trust distributable income rose 7.4% to $231.8m in FY18/19
Its full-year income was boosted by its 40% interest in 14 US data centres.
Keppel REIT buys Seoul office for $301.4m
The 28-storey freehold Grade A office offers approximately 228,000 sqft in net lettable area.
CapitaLand sells self-storage business StorHub for $185m
Its portfolio comprises 12 storage facilities with a total lettable area of approximately 800,000 sqft.
CapitaLand Commercial Trust gets lead in office market recovery with acquisitions
Net property income rose 3.4% thanks to its Galileo and Asia Square Tower 2 buys.
Investors to shift focus from home market to commercial sectors in Q2
Offices are expected to lure more investments thanks to recovering rents.
GuocoLand to build 30-storey office tower and 200-unit living area in $1.6b Beach Road site
Guoco Midtown will be a 960,000 sqft mixed-use development.
Metro Holdings buys 7 & 9 Tampines Grande for $45.6m
It inked a 50-50 joint venture deal to buy the eight-storey property.
Keppel Q1 profits plunged 40% to $203m
The earnings decline was due to Keppel's property arm which saw profits crash 65%.
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