Commercial Property
Manulife US REIT renews lease with 4th largest tenant
Manulife US REIT renews lease with 4th largest tenant
Kilpatrick Townsend extended its lease at 1110 Peachtree, Atlanta, to 2030.
Data centre S-REITs take the spotlight as investors ride AI wave
There are two REITs with substantial data centre assets in Singapore.
Net effective costs for prime occupiers in Singapore hit US$144.25
Singapore has the 7th highest net effective cost in the world.
Frasers Property Singapore named as regional sector leader in ESG
Frasers Property Industrial was also recognised for its Australia-based assets.
5 ground-level commercial units at The Hillford up for sale
The price of individual units starts from $1.2m.
Ascott’s The Crest Collection debuts in Asia at 3 destination cities
The Crest Collection has over 1,500 units that are operating and in the pipeline.
Sabana Industrial REIT reports lower portfolio occupancy of 91.8% in 3Q23
In 2Q23, the REIT’s portfolio occupancy was 93.9%.
Keppel Pacific Oak US REIT’s distributable income drops 10.7% YoY to US$13.1m in 3Q23
The REIT attributed the decline to higher financing costs.
Parkway Life REIT acquires two nursing homes in Osaka for $16.4m
The REIT will acquire the property at approximately 11.9% below valuation.
URA puts up Orchard Boulevard site for sale under GLS programme
The site is residential with a 1st storey commercial and has a 99-year lease period.
Savills cuts 2023 property investment sales value forecast to $19b-$21b
This is on the back of the geopolitical situation globally.
Property investment value doubles QoQ to $7.13b in Q3
Investments in the residential sector also doubled to $3.43b.
Mixed-use property at River Valley Road for sale via tender
Mixed-use property at River Valley Road for sale via tender
Why international firms continued to locate offices in Singapore
This supported the increase in occupancy and rent of prime-grade offices.
Prime Grade office rents were not deterred by the slowing economy: expert
Office rents in Raffles Place/Marina Bay grew 0.8% QoQ and 5.1% YoY.
Keppel REIT's 9M23 property income rises 5.0% YoY to $172.6m
The REIT attributed the increase to higher rentals and portfolio occupancy during the period.
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