Commercial Property
Frasers Commercial Trust NPI grew 26% to $26.7m in Q1
Frasers Commercial Trust NPI grew 26% to $26.7m in Q1
Higher rental income from China Square Central and Alexandra Technopark drove its growth.
CapitaLand wins tender to operate Bugis Village and Bugis Street
The award has an initial tenancy term of three years.
Property auction listings surge as mortgage defaults hit owners in 2019
The number of listings under mortgagee sales sharply rose 61.13% to 630 in 2019.
MIT buys 10 data centres in North America for $750.1m
Its portfolio now has a total of 27 data centres in the said continent.
Grade A office rents to see slowest growth in four years
Rents are tipped to grow by only 1% YoY in 2020.
Yanlord buys stakes in Shenzhen developers for $223.79m
It also disposed of a 5% interest in Hainan Yanlord Beautycrown.
Office spot rents likely to plateau in 2020
An influx of family offices could keep rental growth flat.
Chart of the Day: These developers had the highest sales in 2019
Oxley had a sell-through rate of 50% across 11 projects.
11 retail shops in Sim Lim Square launched for sale for $22m
Unit sizes range from 291 sqft to 506 sqft.
Daily Briefing: Medtech firm eko.ai raises $5.4m in seed funding; Geylang Road development on en bloc sale for $5.24m
And Accelerating Asia invests $1m in 10 startups.
Yanlord Land sets up 3 new business units, dissolved JV in China
Its subsidiaries set up new businesses in Shanghai and Shenzhen.
Singapore hailed as third most attractive real estate market
London topped the list.
Cromwell EREIT buys three German office and warehouse assets for $57m
It comprises 19,016 sqm GLA of warehouse space and 6,225 sqm of office space.
Frasers Property raises stake in Thailand subsidiary for $1.09m
It has bought 620,400 shares for 67.1 cents each on 18 December.
Cromwell European REIT sells 12 properties in Europe for $73m
The divestment is set to increase the company’s net asset value.
Oxley sells Dublin Landings property for $173.7m
This is the last of the five Dublin landings assets to be sold by the company.
CCT issues first green bond of $124.7m
These are set to mature by November 2027.
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