Commercial Property
Keppel REIT's distributable income dips 1.9% YoY to $160.6m in 9M24
Keppel REIT's distributable income dips 1.9% YoY to $160.6m in 9M24
It attributed the decline to higher borrowing costs.
Keppel Pacific OAK US REIT’s NPI dips 8.8% YoY on higher financing costs
The REIT's lower NPI also contributed to the decline.
CapitaLand Ascott Trust divests Tianjin property at above book value
After the divestment, CLAS will only have four properties in China.
Parkway Life REIT to acquire 11 nursing homes in Europe for $159.9m
The REIT expects to complete the acquisition by Q4 2024.
COTD: Industrial sales volume in Q3 rises after Fed rate cut
The rising manufacturing activity may also drive industrial property sales.
SG prime office rents 2nd highest in APAC at $165 per square foot
The vacancy rate stabilised at 6.6% during Q3.
Keppel forms joint venture to develop 80MW data centre in Taiwan
The JV will develop the data centre in two phases.
One Sophia sells 30% of units at weekend launch
Units sold had an average price of $3,330 per square foot.
SLA launches tender to revitalise Tanjong Katong Complex
The winning tenderer will also manage the property for 30 years.
Industrial landlords offer flexibility amidst softer demand
Demand has shifted towards spaces capable of storing dangerous goods.
The industrial and logistics sector in Singapore remains healthy despite softer...
Boustead Singapore obtains $156m green loan for Tuas Road warehouse
It expects to complete the redevelopment of the facility by early 2025.
FLCT acquires Tuas South property for $140.3m
The trust financed the acquisition through debt financing.
Keppel DC REIT's NPI rises 4.6% YoY, driven by strong lease reversions
It also recorded an improved DPU.
COTD: Prime retail rents show modest growth in August
Island-wide prime retail rents rose 2.7% YoY.
SG to house ASEAN Regional Computer Emergency Response team for 10 years
It will need US$10.1m to operate the team's physical facility.
Dasin Retail Trust ends management deals for Shunde, Tanbei metro malls
Its minority directors did not participate in the voting for the termination.
CDLHT acquires Hotel Indigo Exeter and retail units for $33.2m
Its retail units have existing leases which will continue until 2033.
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