Dec 23, 2003 – The number of private REITs in Japan reached a record high in 2023, with growth momentum exceeding the listed REIT sector, Kiyotaka Maeda of Sumitomo Mitsui Trust Research Institute wrote in the Nikkei Real Estate market report. As of September 2023, the number has grown to 53 private REITs with assets […]
June 3, 2023 – DASIN Retail Trust’s (DRT) substantial unitholder Zhang Zhencheng (ZZC) is suing the trustee-manager’s lead independent director Tan Huay Lim (THL) on allegations that Tan’s conduct has been “oppressive” and “prejudicial” to Zhang’s interests. “The board understands that ZZC has alleged, amongst others, that THL has conducted the affairs of the Trustee-Manager
Dasin Retail Trust’s Independent Director Tan Sued By Substantial Unitholder Zhang Read More »
Embattled Lippo Malls Indonesia Retail Trust Responds To Unitholders, SIAS’ Questions April 22, 2023 – Unitholders questioned Lippo Mall Indonesia Retail Trust (LMIRT)’s management about its liquidity problems and its inability to pay dividends. With its cash running low, unitholders questioned the REIT’s next steps. LMIRT, citing challenging macroeconomics headwinds, said its immediate steps taken
DBS Research Maintains CPN Retail Growth Leasehold REIT as Fully Valued March 31, 2023 – DBS Research has maintained CPN Retail Growth Leasehold REIT (CPNREIT) as fully valued, citing the fact that the stock is trading above its Discounted Cash Flow (DCF)-based target price of Thai Baht12.90 “CPNREIT offers a decent 2023F yield of 7.5%
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Japan’s 2022 Real Estate Transaction Volume Was the Lowest Since 2019, Dragged Down By JREITs’ Weak Acquisitions March 3, 2023 – Real estate transaction volume growth in Japan turned negative in 2022 for the first time in four years as total acquisitions by REITs fell below 1 trillion yen (US$7.4 billion), according to data compiled
SABANA Gets Offer From Substantial Shareholder Volare Group Jan 23, 2023 – SABANA Industrial Reit’s substantial shareholder Volare Group has launched a voluntary conditional offer to buy an additional 10% per cent of Sabana units at S$0.465 per unit. The offer represents a 9.4% premium to the weighted average price unit of S$0.425 at the
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Link REIT Is Front Runner To Buy Malls Owned By NTUC Enterprise (Reuters) Nov 28, 2022 – Link Real Estate Investment Trust, Asia’s biggest Reit, has emerged as the front runner to buy a portfolio of assets from Singapore shopping mall owner NTUC Enterprise Co-operative, multiple sources told Reuters Acquisition of the assets in what would be
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Manulife US REIT Manager Appoints Citigroup As Advisor Nov 25, 2022 – The Manager of Manulife US Real Estate Investment Trust said it has appointed Citigroup Global Markets Singapore as its financial advisor in relation to the strategic review of Manulife US REIT. Read more here
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INTERVIEW: Sasseur REIT Takes China Assets’ Re-financing In Stride ReitAsiaPac spoke to Cecilia Tan, CEO of Sasseur Asset Management Pte Ltd, and asked her about her views on China, where its zero-Covid policy and property slump have dampened economic growth and caused concerns among investors. There have been defaults among Chinese developers who have sought
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