Commercial Property
Ascendas REIT to buy Australia business park for $33.9m
Ascendas REIT to buy Australia business park for $33.9m
It has a gross lettable area of 8,216 sq m.
Perennial Real Estate H1 profits crashed 75.3% to $13.79m
It lost revenue after the sale of its stake in TripleOne Somerset.
Keppel acquires 50% stake in US elderly housing operator Watermark for US$77.3m
Watermark manages 52 senior housing committee in 21 US states.
Robinson 77 up for sale at $725m
Another 74.5 years are left on the lease with the building 91% occupied.
Ascendas REIT's proposed UK acquisitions could lift income
It could strengthen the firm’s portfolio characteristics such as higher proportion of freehold land and longer lease expiry tenor.
Two 999-year office floors in TPI Building up for sale at $24m
Both are to be sold with existing tenancies.
Frasers Logistics and Industrial Trust net profit jumps 22.4% to $30.9m in Q3
It was backed by contributions from completed property acquisitions in 2017.
GB Building's podium block and 4 office floors up for sale
They have guide prices of $3,200 and $2,000 psf respectively.
JTC unveils site under Industrial Government Land Sales programme
The tender Woodlands Industrial Park will close on September 25.
Ascendas India Trust to buy 2 buildings in Indian tech hub
The total price is expected to hit $277.5m.
Ascendas REIT NPI up 3.8% to $159.2m in Q1
Property acquisitions and redevelopment sealed its NPI's growth.
Hongkong Land's H1 profit crashed 64% to US$1.12b
The company blamed the timing of sales completions in mainland China for lower profit.
Perennial JV arm invests $564.3m for integrated hub in China
It will soon cater to the mega-region integrated by an HSR in Tianjin.
Retail space prices dropped by 1.3% in Q2
Rentals also suffered from weakness and fell by 1.1%.
Office space prices inched up by 1.9% in Q2
Rental growth was slightly softer at 1.6%.
Ascendas REIT eyes 12 properties in UK
It will be the firm’s debut in the UK logistics market.
Chart of the Day: Industrial rents dipped 0.1% in Q2
Analysts believe rents will be strengthened by the expansion in the manufacturing sector.
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