Commercial Property
City Developments secures $250m sustainability-linked loan
City Developments secures $250m sustainability-linked loan
It will be used for general working capital and corporate funding.
Grade A office rental growth to slow as supply moderates
Rents grew 14.9% in 2018.
FCT acquisitions to boost growth: analyst
The purchase of PREAFL could give it the distinction as Singapore’s third-largest retail REIT.
CRCT completes acquisition of companies holding stakes in three Chinese retail malls
CapitaLand now has an interest of approximately 34.4% in the divestment companies.
Keppel Land China to buy property in China's Silicon Valley
The company will pay $35.1m in the equity transfer agreement.
REITs defy downturn on tight office supply
CapitaLand, Keppel, and Suntec only have 5% to 1.5% office NLA due for renewals in H2.
Commercial DC rates to climb 1.7% after September review: URA
A 7% increase was recorded in Tampines Road, Ang Mo Kio, and Upper Bukit Timah.
Chart of the Day: Business parks' vacancy rate eases to 14% in Q2
This was due to stable demand and lack of new supply.
Daily Briefing: Two strata-retail units for sale at $13.5m; New VC launched to invest in agri-food startups
And Clearbridge Health acquires nine dental clinics for $3.3m.
Sun Venture secures $455m loan to buy 71 Robinson Road
It will also be used for investments to improve its environmental footprint.
Hong Kong's property investment in Singapore hits $1.9b in H1
Key transactions include Gaw Capital’s purchase of Robinson 77 for $710m.
Commercial property transactions fell below US$5b mark in H1
Singapore trailed its Asian peers in terms of the number of transactions.
Chart of the Day: 30-year factory and warehouse leaseholds fell 1.1% in Q2
This follows a three-year continuous decline.
Chart of the Day: Factory and warehouse leasing volumes rose 6.7% to 2,883 deals in Q2
There was a spike in leasing activity in Geylang and Bedok Planning Areas.
Chart of the Day: Island-wide vacancy rate in retail dipped to 7.7% in Q2
This was due to the increase of retail space demand in Funan and suburban areas.
Frasers Property to redeem $600m of perpetual bonds
It comes at a redemption price of $250,000 for every $250,000 nominal amount.
Prime office rents up 0.9% in Q2
Co-working space operators drove net absorption.
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