Commercial Property
Keppel Infrastructure to acquire 49.4% interest in new JV with MET Group
The company will pay an aggregate amount of $42.6m for the acquisition.
Ming Arcade is up for sale via public tender
The freehold commercial site is located 50 meters away from Orchard Road.
Rents for modern high spec warehouses expected to rise in 2023
It will be underpinned by industries such as logistics and food.
Sasseur REIT posts highest Q3 DPU in four years
The DPU for Q3 was $0.01838.
Cromwell E-REIT's distributable income falls 0.4% YoY to €24.179m in Q3
This is despite recording a 4.1% YoY increase in its net property income.
Commercial investment volumes rise 30% YoY to US$1.5b in Q3: MSCI
Singapore ranked 6th amongst APAC countries with the highest investment volume.
Colliers appoints new APAC Managing Director for Global Capital Markets
The appointee will take over the post on 1 January 2023.
Chris Pilgrim has been named Collier’s new Managing Director of Global Capital Markets for...
CapitaLand Investment Limited to divest Queensbay Mall in Malaysia for $300.3m
The value represents a premium of 3.8% to CLI’s valuation in December 2021.
Chart of the day: 30-year leasehold property price increases quickened to 0.9% QoQ
60-year leasehold and freehold properties also showed increases.
High-spec industrial space average rents in Q3 reaches record high since 2012
It increased by 1.1% QoQ to $3.69 psf.
Prime US REIT sees a 6.1% drop in net property income in Q3
Its net property income fell to US$24.2m.
First REIT's net property income jumps 40.1% YoY to $79.08m in 9M22
The increase was due to the contributions from acquisitions in Japan.
NetLink NBN Trust selects main contractor for new central office
The tender was awarded to Obayashi Singapore Private Limited.
CapitaLand, L&T Realty ink deal to develop 6 million sq ft of office spaces in India
L&T will build the office spaces and CapitaLand will market them.
Lendlease REIT occupancy at 99.7% in Q1 FY23
Its retail portfolio’s occupancy was at 99.3%.
Yanlord contracted pre-sales down 5% YoY in October
It reached RMB58.1t in the first 10 months of 2022.
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