Commercial Property
GuocoLand profit ‘more than doubles’ to $392.7m in 2022
This reflects a 132% growth during the period.
Lendlease Global Commercial REIT becomes first S-REIT to achieve net zero target
Amongst efforts done by the REIT include a 12% reduction in electricity consumption.
ESR LOGOS REIT mulls acquisition of ESR Sakura Distribution Centre
The acquisition is expected to be up to 2.9% DPU accretive to unitholders.
Nine strata retail units at Far East Plaza on sale for $23.6m
Each unit ranges from $2.1m to $5.6m.
PropertyGuru bounces back to profit with $3.8m net income in Q2 22
This is compared to a net loss of $139.8m a year ago.
Hersing Corporation sells 2 adjoining industrial sites on Tampines Street 92
Both sites have a total land area of 214,880 sq ft.
Basement restaurant approved strata unit for sale for $11m
The unit has a total strata area of approximately 3,391 sq ft.
AIMS APAC REIT operating metrics growing in strength: analyst
The reit suffered minimal impact from rising interest rates and utility costs.
Frasers Property forms platform focusing on capital partnerships
Wong Ping will serve as the platform's Chief Investment Officer.
Conservation shophouse in Lor Telok on sale for $18.8m
It will be sold via an expression of interest.
Cromwell EREIT is top outperformer amongst S-REITs
It gained 6% steady financial performance.
Rents in prime floor space in retail to rise 2.5%-3.5%: report
This is due to tightening vacancy rates and revival of the economy.
60-year-old leasehold property sold for $780k via auction
It sold at 20% above its opening price.
Jalan Besar freehold coffeeshop up for sale with $28m guide price
The property is located at Hoa Nam Building.
OUE C-REIT to refinance debt using $978m sustainability-linked loan
It was financed by mandated lead arrangers and bookrunners.
Chart of the day: Leasing volume for factory, warehouses down 10.4% in Q2
It ended the seven consecutive quarters of increase since 2020.
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