Commercial Property
Civil action vs Keppel Corp subsidiary on Jakarta land plots ruled inadmissible
Civil action vs Keppel Corp subsidiary on Jakarta land plots ruled inadmissible
The accuser claimed that he had ownership rights over the land.
Yangzijiang Shipbuilding to acquire office building at 39 Robinson Road for $399m
The property has a gross floor area of 15,723.92 square metres.
Core CBD Grade A office rents went up 0.4% QoQ in Q1 23
CBRE Research said the office market continued to be resilient.
Keong Hong unit bags $118m tender for office building at Cecil Street
The unit will begin construction in May.
JTC opens site under IGLS on Tampines North Drive
The area is the third of four confirmed list sites for the first half of the programme.
Far East H-REIT receives $18m incentive fee from Central Square divestment
The REIT has received a total of $331.2m from the sale of the property.
Keppel unit sells stake in PH mall to BDO for $195.0m
BDO already holds a 50% stake in the mall.
Office segment remains on an ‘even keel’ driven by flight-to-quality demand
Knight Frank said occupancy levels of CBD offices are 94%-95%.
Mapletree Pan Asia Commercial Trust to issue $150m green notes
The issuance has a fixed rate of 4.25%.
CapitaLand Investment removed from Low Carbon Select 50 Capped Index
The index tracks 50-globally listed companies incorporated or based in Singapore.
Cromwell European Reit bags at least 50% pre-leasing commitment for Italy office
If the project remains on course, completion will be reached by December 2023.
Tembusu Grand sales bookings begin on 8 April
The property offers 638 units in its four towers.
5-storey commercial building in Hongkong Street for sale
The expression of interest exercise ends on 27 April.
Starhill Global REIT clashes with Myer over alleged breach of lease
Myer occupies 52.0% of the net lettable area in the Myer Centre Adelaide.
CDL expands hospitality footprint in Australia with Sofitel acquisition
The company will acquire the property for $159.2m.
ESR’s PATMI rises 9% YoY to US$655m in FY22
PATMI would have surged 24% YoY if not for the weakness of APAC currencies vs USD.
Island-wide retail vacancy drops to lowest point in 7 years
In Q4, the vacancy rate was 7.1%.
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