Commercial Property
Chart of the Day: Companies leading in data centre market
Chart of the Day: Companies leading in data centre market
Knight Frank said Google has the highest market share.
Keppel launches smart and low-energy commercial tower in Tanjong Pagar
The 33-storey building will offer 650,00 sq ft of technology-forward spaces.
Keppel, KIT acquire stake in a wind farm in Sweden for $6.9m
The companies will have 2.9% and 13.4% stake in Fäbodliden II, respectively.
SG’s commercial real estate sales jump 40% YoY to US$3.7b in Q1
The Lion City is amongst the only two major markets to post an increase in investment volume.
Frasers Property Limited’s attributable profit grew 42.8% in H1
It went up to $225.8m in the first half (H1) of fiscal year 2023.
Chart of the Day: Business park rents went up 0.6% in Q1
It deaccelerated from a 1% increase in the fourth quarter of 2022.
Demand for higher specification industrial assets to back industrial market
Manufacturing, logistics, biomedical, and food sectors will drive demand.
Prime US REIT’s NPI drops 7.2% YoY to US$23.6m in Q1
Given the drop, the REIT also posted a lower distributable income of US$14.9m.
CLI sees improved revenue in Q1
Its real estate investment business saw an 11% YoY increase.
MUST’s portfolio occupancy falls to 86.1% in Q1
The REIT attributed the decline to Carter’s downsizing at Phipps.
FLCT's Robert Wallace extends service until 1 August
Wallace resigned as CEO of FLCT’s manager in February.
SG retains lead in Asian outbound real estate investment
The Lion City’s investment reached US$28.284b.
Sasseur REIT EMA rental income dip 2.1% to $33.1m in Q1
But its DPU grew 1.5% to 1.849 cents.
Hospitality, retail, and office REITs benefit from reopening
However, there is a limited new supply for logistics, office and retail segments.
Chart of the Day: Top markets with high vacancy rates for Grade A office in Q1
There were two micro-markets that posted highest quarterly growth in vacancy.
Lendlease REIT portfolio occupancy stays up at 99.8% in 3Q FY23
The Manager recorded a 99.5% retail occupancy rate on 31 March.
Yanlord Land Group’s subsidiary grated with $500m loan facility
The facility has a five-year term.
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