Commercial Property
Metro Holdings buys 7 & 9 Tampines Grande for $45.6m
Metro Holdings buys 7 & 9 Tampines Grande for $45.6m
It inked a 50-50 joint venture deal to buy the eight-storey property.
Keppel Q1 profits plunged 40% to $203m
The earnings decline was due to Keppel's property arm which saw profits crash 65%.
CapitaLand bags $528.3m in maiden real estate equity fund
The equity fund targets commercial real estate in Asia’s key cities.
CapitaLand Commercial Trust NPI up 3.4% to $79.80m in Q1
Higher contributions from Gallileo and higher occupancy at Asia Square Tower 2 boosted performance.
Perennial sells stake in Chinatown Point Mall entities for $225m
The proportionate stake of the net proceeds is expected to be $125.3m.
Property investment sales jumped 34% to $6.3b in Q1
State tenders surged to $3.1b from $110m in Q4 2018.
Chart of the day: Number of tenancies for single-user factory hit 130 in January-February
Overall, the industrial property market has stayed largely flat during the quarter.
Keppel REIT net property income up 0.3% to $31.31m in Q1
It was saved by higher one-off income that was offset by lower incomes from properties.
UBS Singapore to occupy 9 Penang Road by 2020
The building will house 4,000 staff and the bank’s in-house university.
S-REITs' slashed exposure to CWT properties even before CWT International's default
AIMS APAC REIT, of which CWT is a major tenant, has chosen a partial master-leased structure for selected assets instead of a full one.
Chart of the day: Public property investment sales soared from $110m to $3.1b in Q1
This supported the growth of total investment sales which rose by 34% to $6.3b in Q1.
Daily Briefing: Deals buoy commercial property sector in Q1; Singapore lifts passport stamp requirements on departing foreigners
And Go-Jek poaches an ex-Bain consultant from Apple as VP of strategy and planning.
SPH REIT's Q2 results get boost from Australia buy
It bought 85% of Figtree Grove Shopping Centre at a post-cost yield of 5.7%.
Property investment sales dropped 52% to $5.3b in Q1 2019
The 82% YoY drop in residential investment sales contributed the most to the decline.
Keppel DC REIT's NPI up 26.8% to $43.23m in Q1 2019
The firm's data centre buys in Germany and Singapore pushed up earnings.
MapleTree Logistics Trust to sell five warehouses in Japan for $213.3m
These properties include Gyoda Centre, Iwatsuki B Centre, Atsugi Centre, Iruma Centre and Mokurenji Centre.
Daily Briefing: Vietnamese challenger threatens Olam's cashew dominance; Carousell to buy Philippine online marketplace OLX
And a commercial building in Joo Chiat Road is up for sale at $20m.
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