Japan’s Fukuoka City Pushes Developers to Design Covid-resistant Buildings The city is changing regulation to increase buildable space. Meanwhile, Japan’s vacancy rates continue to rise. January 18, 2021 – As the Covid-19 pandemic continues to have an economic impact in Japan and across the world, an initiative that encourages the development of buildings resistant to …
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Activia Properties Reports Stable DPU In End-November 2020 January 18, 2021 – Activia Properties’ distribution per unit (DPU) hit 9,514 yen in end-November 2020 from the 9,504 yen in end-May during the same year. The REIT also reported an earnings level of 7.36 billion yen, 0.4% up from the period’s 7.33 billion yen. “In the …
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United Urban Investment Corporation DPU Down 10% In End-November 2020 January 18, 2021 – United Urban Investment Corporation announced a 10% decline in its DPU from end-May 2020 to end-November 2020 as the restrictions brought about by the pandemic continued to affect the Japanese economy. In its report, United Urban said its DPU in end-November …
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Japan-listed Logistics Asset Value Expanded by 15.3% in 2020 In the first ten months of 2020, J-REIT’s total AUM increased by approximately 1 trillion (US$9.4 billion), according to ARES. January 15, 2021 – The market value of listed logistics facilities grew the fastest at 15.3%, or 470.9 billion yen (US$4.4 billion), in 2020 due to …
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First REIT Declares DPU Of 4.15 Cents For FY 2020 January 15, 2021 – First Real Estate Investment Trust (First REIT) reported a distribution per unit (DPU) of 4.15 Singapore cents for the financial year ended 31 December 2020, on the back of income available for distribution sliding 51.2% year-on-year to S$33.4 million from the previous corresponding year …
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Link REIT Secures Its First Sterling-Denominated Sustainability-Linked Loans January 15, 2021 – Link Real Estate Investment Trust announced that it has converted two five-year loans totalling £200 million (US$273.6 million) signed with BNP Paribas and DBS Bank (DBS) respectively in August last year to sustainability-linked loans. This marks Link REIT’s first sustainability-linked loan denominated in …
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SPH REIT Announces 13% Decline In DPU in Q1 2021 January 14, 2021 – SPH REIT announced a distribution per unit of 1.2 Singapore cents in Q1 of their fiscal year (FY) 2021, down 13% year from Q1 FY 2020. In their recently published key business and operational updates presentation, SPH REIT said their gross …
Ascott Residence Trust Secures S$50 Million (US$37.7 Million) Green Loan January 14, 2021 – Ascott Residence Trust (ART) has obtained a S$50 million five- year green loan from DBS Bank Ltd (DBS), making ART the first hospitality trust in Singapore to secure a green loan. Proceeds from the green loan will be used to finance ART’s maiden …
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Ascendas REIT Completes Australia Property Acquisition January 14, 2021 – Ascendas Real Estate Investment Trust announced on Thursday that it has completed the acquisition of a suburban office property located at 1 – 5 Thomas Holt Drive, Macquarie Park, in Sydney, Australia. The acquisition cost of S$303.3 million (A$308.5 million) (US 228.7 million) comprises (i) the …
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Ascott’s 2020 Unit Addition Is Expected To Boost Annual Fee Income By Over S$27 Million (US$20.4 Million) January 13, 2021 – CapitaLand’s wholly owned lodging business unit, The Ascott Limited (Ascott) has added a record of over 14,200 units across 71 properties globally for 2020. Despite COVID-19, this exceeds the number of units secured in …
