Commercial Property

GIC buys tallest building in Beijing's Lize financial district

The firm will wholly own the property after the purchase.

ARA H-Trust buys three US Marriott hotels for $114m

The hotels are located in North Carolina and Texas.

Perennial Real Estate Holdings hit with $9.9m loss in Q3

This was mainly due to loss of gains from the revaluation of two Beijing plots.

Frasers Logistics & Industrial Trust's NPI up 23.2% to $186.7m for FY2019

This was boosted by contributions from new acquisitions in Europe and Australia.

CapitaLand profits down 7.8% to $333.93m in Q3

The absence of gains from divesting Westgate to CMT dragged down profits.

Chart of the Day: Auction listings down 15.5% in Q3

This was due to a fall in owner sale listings.

Riverside Piazza to be put for collective sale tender for $195m

The prime District 1 site can be converted for hotel use.

CapitaLand to sell 30 business park properties to Ascendas Reit for $1.66b

These include 28 office properties in the US and two facilities in Singapore.

Rental gap between CBD and fringe offices widens to 22%

Firms are thus seeking city fringe locations for their offices.

CDL Hospitality Trusts' NPI down 1.5% to $35.67m in Q3

It was hit by lower income in the Maldives and Japan markets.

Ascott REIT's profits up 1% to $65.05m in Q3

This was due to lower revenue from the sale of Ascott Raffles Place Singapore.

Yanlord's UEL takeover at risk of tepid shareholder response

The offer price of $2.60 apiece is lower than the latter’s closing price of $2.62.

Tight vacancies in CBD offices to drive Suntec REIT's gains

Suntec City Office, MBFC, and ORQ could benefit from positive office rental reversions.

First Sponsor profits up 30% to $33.3m in Q3

Higher sales in China and the Netherlands boosted the growth.

Mapletree North Asia Commercial Trust's NPI up 1.3% in Q2

The income boost came from Festival Walk mall and its Japanese properties.

Chart of the Day: Industrial tenancies up 5% in Q3

Tenancies rose at a slower clip as firms held back in their expansion plans.