Commercial Property
Acrophyte Hospitality Trust’s NPI down 4.0% YoY in 9M 2024
Acrophyte Hospitality Trust’s NPI down 4.0% YoY in 9M 2024
The decline was attributed to recent divestments and asset enhancement initiatives.
Manulife US REIT occupancy rate drops to 77% in Q3
The decline was due to the lower occupancies in Secaucus and Jersey City properties.
High-zone office in GB Building hits market for $12.7m
The guide price translates to approximately $2,350 psf on the strata area.
Transit-oriented developments reshape land use, drive demand for integrated spaces
It creates demand for mixed-use environments.
Cheng Chung Design sets up Singapore office as gateway to Asia-Pacific market
The Chinese interior designer’s headquarters was designed to resemble a home for comfort.
NEA decreases rental for hawker stalls to deter high bids
It will take effect on the hawker stall tender exercise.
Elite UK REIT's distributable income rises 2.8% YoY. to £14m in 9M
Distribution per unit rose in tandem with distributable income.
CLI lands $261m from Mitsui O.S.K. Lines for SEA and India private funds
The SEA and India funds received $130m and $131m, respectively.
Divestments weigh on Cromwell European REIT's 9M NPI, down 0.8% YoY
The REIT's NPI for the period was €100.0m ($143.5m).
AIMS APAC REIT posts 5.1% NPI growth to $67.6m with strong rentals
The REIT's rental reversion rate in H1 was 16.9%.
CICT's 9M NPI climbs 5.4% YoY to $872.1m on rental income growth
Lower operating expenses also helped boost NPI.
Singapore leads APAC in life sciences investments
Amongst notable deals in 9M24 is the US$206m acquisition of Ho Bee Land’s Elementum.
CDL wins $1.66b Shanghai plot for mixed-use development
The tender prize translates to $21,827 per square metres per plot ratio.
Metro Group raises stake in UK’s Fairbriar Real Estate to 50%
It acquired 25% additional stake for $31m.
Commercial property market remains stable amidst strong demand
However, development activity has declined.
Office floor at Wisma Atria sells for $16.1m
The space is approved for medical use.
Hongkong Land targets $10b in asset recycling amidst strategic shift
This strategy could reduce the company’s earnings volatility over time.
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