Commercial Property
Daily Briefing: ARA sells stake in Cache Logistics Trust; FengHe Group leads $13.6 funding in sports tech firm PlayerMaker
Daily Briefing: ARA sells stake in Cache Logistics Trust; FengHe Group leads $13.6 funding in sports tech firm PlayerMaker
And cloud-based corporate service provider Sleek clinched $6.78m funding.
UOB, DBS and StanChart grant $945m green loan for DUO Tower deal
The loan was granted to Allianz Real Estate and Gaw Capital Partners.
Tender sale of Raffles Place property moved to March 5
Developer requested for more time to assess the site.
GIC buys real estate portfolio in Europe for $1.43b
It includes 28 assets in logistics hubs across Europe.
Keppel DC REIT to pay $56.6m for data centre master lessee's additional core M&E
Tenant 1-Net will pay for the extra costs from its installation.
MNACT's Japan buys won't buoy it from drags made by Festival Walk
The Hong Kong mall still accounts for over 50% of the trust’s revenue.
Hoi Hup Realty secures $332.5m green loan to develop Andaz Hotel
The loan will go into strengthening the hotel’s energy-saving practices.
Mapletree North Asia Commercial Trust to buy two Japan office properties for $483m
It seeks to diversify away from the damaged Festival Walk in Hong Kong.
More REIT mergers lie ahead as growth prospects dry up
Frasers is one of the recent casualties after the merger of its logistics and commercial trusts.
Chart of the Day: Check out the top 5 strata-titled retail deals in Q3
Two units from Queensway Shopping Centre sold for a combined $6.5m.
JTC to launch tender for industrial site at Tuas Avenue for $2.5m
It has an area of 5,451.1 sqm and a gross plot ratio of 1.4.
URA confirmed three sites under GLS Programme H1 2020
Two residential and one mixed-use sites were included in the confirmed list.
JTC adds Woodlands industrial park for tender in IGLS programme
The tender closes on 21 January.
FLT and FCOT propose merger for $1.54b
They also plan to fully acquire Farnborough Business Park in the UK.
Mapletree closes Australian private trust at $608m
It owns 10 Grade A office assets with a total value of about $1.3b.
Strata-titled retail unit sales crashed 55.3% to $64.3m in Q3
There were 46 caveats lodged in the same quarter, which is 36.1% lower than in Q2.
Cromwell European REIT acquires Milan office property for $27.8m
This was after the company divested its commune park in France.
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