Commercial Property
PropertyGuru taps Singlife chair to lead its board of directors
PropertyGuru taps Singlife chair to lead its board of directors
Singlife’s Ray Ferguson will begin his role at PropertyGuru on 1 January 2024.
TE Capital-LaSalle JV to acquire VisionCrest Commercial
The asset has an occupancy rate of 99%.
Islandwide vacancy rates for business parks inches up to 19.5% in 3Q23
The poor take-up rate in the East Planning Region affected vacancy levels.
CDL expands UK living sector portfolio with new acquisition in Manchester
The company acquired a freehold project for $125.7m.
LHN Limited warns of lower profits for FY23
The company expects a net profit before tax of $40m.
Industrial rental growth in 2024 to be confined to the logistics sector: expert
In 3Q23, rent for warehouse and logistics properties rose by 0.6% QoQ to S$1.62 per sq ft.
Frasers Property’s attributable profit nosedives to $173.1m in FY23
In FY22, the company recorded an attributable profit of $928.3m.
Cromwell EREIT’s net property income dips 1.1% YoY to $146.7m in 9M23
The REIT attributed the decline to the absence of income from office projects under redevelopment.
How will the updated list of areas prohibiting new eateries impact the shophouse market?
Over 30 roads across 19 areas are part of the list.
Shophouse transactions fall 24.5% YoY in 9M23
Transaction value likewise fell, dropping 17.1% YoY.
CapitaLand India Trust bags 5-year construction loan of $214m
CLINT will use the loan for its Navi Mumbai data centre.
CapitaLand to manage retail spaces at Singapore Sports Hub
The company will serve as the hub’s retail operator for 6 years.
Jardine Matheson says 3Q23 performance 'marginally above' 3Q22
The company attributed its improved performance to strong growth from Astra.
Industrial market rents rise 2.0% YoY in 3Q23
Growth eased from the previous quarter.
High-specification warehouse in Pandan Road up for sale via EOI
The property's floor area spans 126,800 sq ft.
United Hampshire US REIT achieves higher net property income of US$38.7m in 9M23
The REIT’s net property income rose 12.2% YoY.
CapitaLand Investment’s revenue dips 3% YoY to $2.1b in 9M23
CLI’s real estate investment business weakened during the period.
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