Commercial Property
PGIM Real Estate AsiaRetail Fund's assets could propel Frasers Property's retail mall position
PGIM Real Estate AsiaRetail Fund's assets could propel Frasers Property's retail mall position
Frasers raised its stake in the fund to 47.82% for $601.5m.
Property investment sales eased 31.4% to $3.59b in Q1
The residential sector accounted for 30.4% of sales volume.
Chart of the Day: Delay in industrial property completions in 2018 to boost supply in 2019
Supply in single-user factory spaces could jump by c.9%.
Frasers Property raises stake in PGIM Real Estate AsiaRetail Fund to 47.82% for $601.5m
Earnings are expected to grow to $511m after its acquisitions.
CapitaLand inks services agreement with Temasek's Jurong Consultants India
Jurong Consultants India will provide due diligence services for India properties as part of an acquisition. CapitaLand has entered into a services...
Frasers Property unit secures $785m green club loan
The net proceeds of the five-year term loan will be used to refinance the development of its Northpoint City South Wing mall.
SBF Centre medical suites launched for sale or lease
The average asking price for the 18 medical suites stands at approximately $4,200 psf.
Daily Briefing: Temasek in talks to sell 10% stake in A.S. Watson for $3b; Two freehold redevelopment sites in Lavender Street for sale for $47.4m and $12.6m
And private equity firm Novo Tellus to acquire 29.6% stake in Procurri for $12m.
Two freehold redevelopment sites along Cavan Road launched for public tender
Indicative pricing for 2 Cavan Road is at $47.4m and $12.6m for 21 Cavan Road.
CapitaLand Commercial Trust eyes $1.5b Duo Tower
It is in talks with M+S Pte for the 39-storey property.
Oxley accepts $1.03b offer for Chevron House
A US-based real estate fund filed an expression of interest for the property.
Daily Briefing: Ofo gets more time to remove bicycles; SC Capital Partners buys Rivervale Mall for $230m
And a Finnish startup hub and VC firm launch a 200-set coworking space in Queenstown.
The Great Room eyes affluent tenants in new 15,000 sqft luxury co-working space
Dedicated offices in Raffles Hotel will be pricier than their current offerings which starts at $2,500 a month.
16-storey office building in Cecil Street up for sale after massive revamp
It went through 18 months of ‘Additions and Alterations’ exercise.
Chart of the Day: Retail rents in Orchard and Suburban Areas expected to grow 2.0% in 2019
Large catchment areas will continue to boost suburban malls.
Daily Briefing: GIC invests in US energy infrastructure Tallgrass Energy; Mixed-use development Selegie Centre sold at $120m
And Singapore-based healthcare startup Docquity bagged US$11m in a series B funding round.
Singapore Academy of Law to launch co-working space at State Courts Towers
The new space is set to open on Q1 2020.
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