Commercial Property
UK acquisition could uplift SPH amidst media business declines
UK acquisition could uplift SPH amidst media business declines
Earnings from the media segment dropped by $10m to $12m from 2016 to 2017.
Chart of the Day: See how flexible workspace leases moved from Grade A to other office properties
It reflects the tightened vacancy rates in CBD premium and Grade A office market.
Keppel unit to buy Shanghai office for $65.8m
It is a 13-storey Grade A building with a gross floor area of 19,758 sq m.
CDL buys London commercial building for $328m
They have obtained planning consent to develop a commercial gym in the basement.
Chart of the Day: Tightening office vacancy rates loom in 2022 as tenants snap up limited supply
Marina Bay vacancy levels are expected to tighten to single-digits.
HSBC HQ to move to Marina Bay Financial Centre
The firm targets to occupy the 140,000 sq ft office by April 2020.
New framework limits bidding for place of worship lands to religious groups
Lands that can be developed as PW hubs will also be released for the first time.
HSBC's rent in 21 Collyer Quay climbed 36% to $27.7m after lease extension
As HSBC is extending the lease for only one year, this indicates a high likelihood that the company will be vacating 21 Collyer Quay in 2020.
SPH might buy more UK properties: analyst
They had just purchased 14 purpose-built student accommodations across six towns.
Chart of the Day: Financial services are the biggest occupiers of CBD and Grade A offices
The sector is an early adopter of flexible leasing strategies.
Four flexible workspace operators entered Orchard Road in H1
They occupy a total of 70,000 sq ft in the premier shopping district.
Retail market could see more conversions to flexible workspace: analyst
Landlords may be pushed to explore leasing to flexible operators for a more stabilised occupancy.
Chart of the Day: 84% of flexible workspace stock are in CBD
It hosts about 2.3 million sq ft of flexible workspace.
OUE C-REIT to buy OUE Downtown offices for $908m
They will issue 1.29 billion units to partially fund the acquisition.
Flexible workspaces grew 44% to 680,000 sqft in 2017
Seven big operators now hold 63% of the market.
New property development in Singapore could bolster Ascendas REIT
$109m of the proceeds from its private placement will go to partially fund the development of a build-to-suit facility located in Singapore.
SPH buys 14 UK student accommodation buildings for $321m
They have a total capacity of 3,426 beds.
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