Commercial Property
Keppel Pacific Oak US Reit’s DPU drops 17.2% YoY in H1
Keppel Pacific Oak US Reit’s DPU drops 17.2% YoY in H1
The distribution per unit (DPU) was at 2.50 US cents (3.3 cents).
Keppel Infrastructure Trust’s DPU increases to 1.93 cents in H1
It was a gradual increase of 1% increase YoY.
Two sites launched under IGLS programme
The sites are located in Tampines North Drive and Jalan Papan.
PLife REIT NPI up 25.1% YoY to $70.1m in H1
Its gross revenue rose by 23.6% YoY to $74.4m.
CapitaLand Malaysia Trust’s net property income soars 51.8% YoY to $16.6m in 2Q23
Contribution from Queensbay Mall lifted the REIT’s income.
ESR-LOGOS REIT’s DPU dips 5.6% to $0.014 in 1H23
The enlarged unit base from the REIT’s recent equity fundraising exercise drove the decline.
Frasers Centrepoint Trust’s retail portfolio occupancy rises to 98.7% in 3Q23
Compared to 3Q22, the REIT’s occupancy was up by 1.6 percentage points.
Passing of Quarz' resolution does not result in the internalisation of Sabana REIT's management: ESR Group
Sabana REIT will hold an EGM on Quarz' two resolutions on 7 August.
Keppel DC Reit’s net property income increases by 3.3% in H1
Its NPI grew to $127.3m in H1 2023.]
MLT posts DPU of 2.271 cents in Q1 FY23/24
It was 0.1% higher than the 2.268 cents recorded in Q1 FY22/23.
Owner listings grew 26.7% in Q2
Only 57 listings were recorded in Q2 2023.
Office unit at Suntec City Tower 1 sold for $11.5m
Suntec City end-users and family offices were sought by investors from China, Hong Kong and India.
Mortgagee listings keep dropping amidst a lack of buyer interest
There are 22 mortgagee listings in Q2 2023.
Property investments drop 5.7% QoQ to $3.8b in 2Q23
Colliers attributed the decline to high borrowing costs.
545 Orchard Road up for sale: CBRE
The site has a guide price of $928m.
Average monthly rents of Overall CBD Grade A offices up to $9.64 psf
Marina Bay and Tanjong Pagar have increases in vacancy rates QoQ.
Sabana Reit unitholder alerts unitholders on Quarz’s ‘inaccuracies’ in internalisation of manager
ESR Group refuted Quarz’s statement on saving fees to pay to the external manager.
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