Nov 13, 2023 – EC World REIT (ECW) said that its sponsor Forchn Holdings and its subsidiaries owed the REIT more than RMB 171 million, according to a company statement. Of the outstanding rent receivables, RMB 126 million was the rent payable under master leases between the sponsor group and the ECW Group while the balance …
EC World REIT Owed RMB 171 Million Of Rent By Sponsor Forchn Holdings Read More »
Oct 28, 2023 – Mapletree Logistics Trust (MLT)’s second-quarter net property income (NPI) climbed 1.2% to S$162 million, its manager said in a statement. The increase was largely due to higher contributions from assets in Singapore and Hong Kong SAR and its recent acquisitions in Japan, Australia and South Korea. The gains were partly offset …
Mapletree Logistics Trust Q2 Net Property Income Up 1.2% Read More »
Oct 28, 2023 – CapitaLand China Trust said third-quarter 2023 net property income (NPI) climbed 1.2% year-on-year to RMB316.4 on recovering retail metrics. The numbers reflected an improving retail environment, with asset enhancement initiatives (AEIs) underway to further strengthen the portfolio, its manager said in a statement. Goss revenue declined 1.9% year-on-year due to the …
Sept 15, 2023 – China’s economic recovery gathered pace in August as policymakers’ stimulus measures elevated consumption and manufacturing activity, but economists responded to Friday’s data release with calls for bolder moves to pull the real estate and private sectors out of the doldrums. Retail sales rose by 4.6% last month, year on year – …
China August Industrial Output, Retail Sales Growth Beat Expectations (Reuters) Read More »
August 8, 2023 – BHG Retail Trust first-half 2023 net property income fell 15% year on year to S$17.9 million, its manager said. As at June 2023, the REIT’s portfolio occupancy rate stood at 95.8% with a weighted average lease expiry of 3.3 years (by gross rental income) and 5.4 years (by net lettable area), its manager said …
BHG Retail Trust 1H 2023 Net Property Income Down 15%, Gearing At 39% Read More »
Aug 12, 2023 – Sasseur REIT reported a 0.5% year-on-year drop in second-quarter rental income under its entrusted management agreement (EMA) model to S$29.5 million, according to its manager. In RMB, terms, rental income was up 8.4% to 155.4 million RMB. Its distribution per unit (DPU) fell by 7.2% to S$0.01473 for the quarter ended …
Sasseur REIT’s Q2 2023 EMA Rental Income Down 0.5% Year-on-Year; DPU Down 7.2% Read More »
Aug 1, 2023 – Real estate sales in China continued to contract in July, which accounts for around 14% of the country’s GDP, according to Caxin Global. Last month, new property sales by China’s 100 biggest property developers totalled 350.4 billion yuan (US$49 billion), down 33.1% year-on-year and 33.5% month-on-month, according to data provided Monday …
China’s July Property Sales Slump Further: Caixin Read More »
July 27, 2023 – CapitaLand China Trust (CLCT) posted a net property income (NPI) of RMB663.7 million for the six months ended June 30, 202, 0.8% higher than the first half of 2022. The increase in NPI was driven by better performance in CLCT’s retail portfolio and partially offset by lower contributions from the new economy portfolio, the trust’s …
CapitaLand China Trust’s First-Half Net Income Down 7.4%, DPU Falls 8.8% Read More »
July 29, 2023 – Dasin Retail Trust has, on July 10, 2023, received a letter of demand from the lawyer representing GSUM-Titanland Capital Pte Ltd in relation to alleged outstanding in the sum of S$856,000 under a financial consultancy agreement dated March 19, 2022, according to a stock exchange filing.
New Harvest, which holds 70% of the shares in Dasin Retail Trust’s trustee-manager, is disputing the termination of a shareholders’ agreement in 2021 by Zhang Zhencheng, a director and a shareholder of the trust. The shareholders’ agreement, completed in July 2021, involved the transfer of shares from Zhang to New Harvest, which is owned by …