Commercial Property
Core CBD Premium, Grade A rents rise 0.6% QoQ to $11.53 per sq ft
Core CBD Premium, Grade A rents rise 0.6% QoQ to $11.53 per sq ft
Tight vacancies and flight-to-quality moves drove the increase.
UOL Group enters deal to sell Parkroyal Kitchener Hotel
The hotel costs $525m.
3-storey conservation shophouse in Chinatown for sale for $10m
The expression of interest will close on 2 August at 3 pm.
CBD Grade A vacancy rates to hit 5.6% in 2023
Cushman & Wakefield said net supply will outpace net demand this year.
Suburban prime retail market seen to rise by 1.5%-3.5%
This is due to hybrid work and consumers’ patronage of essential services.
CBD Grade A office rents seen to grow 2% to 3%
It is underpinned by a sustained flight to quality to limited new supply.
How CapitaLand Investment retains stakeholders’ trust
CLI’s chief sustainability officer speaks on strengthening its ESG pillars focused on three key themes to meet the company’s net-zero goals whilst...
ARA H-Trust sells hotel in Oklahoma for US$8m
The REIT sold the property to Bhanumati LLC.
ESR Group says Quarz made sudden U-turn on intention of internalising Sabana
The firm said Quarz had no plans regarding the management of Sabana Industrial Reit.
Sabana Industrial REIT borrower enters facility agreement with UOB
The deal is in respect of sustainability-linked term of up to $100m.
CEREIT divests Italian office for $138.51m
The divestment of Piazza Affari 2, Milano, Italy office is at €93.6m.
Investor Quarz wants Sabana manager to use suggested resolutions
The investor also disagrees with ESR, Sabana Industrial Reit’s unitholder.
GuocoLand clinches S$974m green loan to refinance Guoco Tower
GuocoLand plans to improve the tower’s air-conditioning and mechanical ventilation system, amongst others.
Conservation shophouses at Jalan Besar on sale for $30m
The property can be bought without ABSD rate.
AIMS APAC Reit reports nearly 70% valid acceptances under preferential offering
The preferential offering ended on 22 June 2023.
Sabana unitholder ESR Group releases open letter amidst Quarz issue
ESR Group wants to establish some considerations before the unitholder's resolutions.
$1.4b life sciences and innovation cluster unveiled in science park rejuvenation
CapitaLand said the cluster adds 180,600 sqm to back biomedical R&D.
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