Commercial Property
Property deals crashed 45% to $6.13b in H1 2020
Despite the surge in big commercial deals, the lack of hospitality deals dragged overall volume.
SPH REIT posts half a cent DPU for Q3 FY2020
This will be closed on 9 July and the distribution will be on 18 August.
Suntec REIT unit injects $40m into Harmony Investors Group Limited
This increases its shares to approximately 57.9%.
Ascendas REIT buys Sydney logistics property for $21.1m
The consideration is 19.8% lower than the site’s market valuation of $28.24m.
ESR-REIT signs new tenants at 8 Tuas South Lane
The two tenants have leased 26.9% and 10.3% of total net leasable area.
Frasers Centrepoint Trust ups stake in PGIM ARF for $197.2m
The trust’s interest in ARF will be raised to 36.89% from 24.82%.
Lendlease launches digital property lifecycle platform
Podium aims to simplify interdependencies and improve decision making.
Singapore to achieve five-year average office rent growth of 3.3%
The city-state keeps its position as one of the popular occupier destinations.
SPH forms JV with Keppel unit to develop data centre facilities
They are buying a property at Genting Lane for $50m.
Far East Orchard bags $4.3m from Woods Square project
The JV development obtained a temporary occupation permit in February.
Starhill Global REIT extends property manager's term
YTL Starhill Global Property will continue to manage properties for a further period of 5 years.
Far East Orchard talks on COVID-19 impact ahead of AGM
The property developmemt and management company is focusing on resilience to benefit from post-pandemic recovery.
CapitaLand rolls out tech solutions and measures in business parks and offices
Alternative workplaces will be Bridge+, The Workshop, The Work Project, and CoSpace Park.
ARA plans partial takeover of Cromwell Property
An offer will be made to acquire 29 Cromwell securities for every 100 owned at a cash price of $0.90 per security.
MIT secures $410m from oversubscribed private placement
It was approximately 8.2 times covered at the top end of the issue price range.
Two strata office floors up for sale in CBD
The property is valued at $2,200 to $2,350 psf by competitive indicative pricing.
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