Commercial Property
Mapletree Industrial Trust to acquire US data centre for up to $356.6m
Mapletree Industrial Trust to acquire US data centre for up to $356.6m
The property valuation is up to 2.2% higher than the purchase considerations.
CapitaLand's Rochester Commons to be completed in Q4 2021
It will feature a hotel, an office tower, heritage bungalows, and a centre for learning technologies.
CapitaLand Mall Trust secures $200m sustainability-linked loan from UOB
UOB will offer CMT tiered interest rates based on its annual green assessment.
Yanlord's contracted presales hit $9.56b in August
Its total contracted presales rose 73.5% in the first eight months of 2020.
Frasers Centrepoint Trust buys remaining 63.1% capital in AsiaRetail Fund for $1.06b
FCT also plans to raise $1.3b via an equity fundraising.
MIT completes acquisition of 14 US data centres for $292.8m
It will use a portion of the $410m proceeds from its private placement in June.
Frasers Property Retail rolls out Frasers eStore
The platform will integrate two loyalty programmes.
ESR-REIT manager believes merger with Sabana 'beneficial'
Benefits will include a larger free float and larger asset base, it claimed.
ESR Cayman assures no conflict of interest in ESR-Sabana merger
There is no common sponsorship in the Sabana REIT manager, it said.
Chart of the Day: Property investments plunged 73.4% to $1.7b in Q2
No transactions in the public sector were recorded during the quarter.
Chart of the Day: Cross-border property investments dropped 30.2% in Q2
A key deal is CDL’s acquisition of 51.01% stake in Sincere Property Group for $880m.
Straits Trading buys business park in England for $137.9m
It is currently 96% let to multiple tenants.
Chart of the Day: Monthly average industrial rents fell in Q2
High-tech industrial sites led the decline.
Chart of the Day: Prime retail rents down 5.4% in Q2
Average prime retail rents in all locations declined in the second quarter.
JTC launches 2 sites via tender
The sites at Tampines North Drive 3 and 160 Gul Circle both have a tenure of 20 years.
GuocoLand's profit fell 55% to $114.07m in FY2020
Revenue from investment properties and hotels dropped.
Chart of the Day: Prime office rents in Raffles Place/Marina Bay down 4.1% in Q2
This is due to landlords lowering their expectations to maintain occupancy.
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