October 28, 2023 – Mapletree Pan Asia Commercial Trust’s Q2 net property income (NPI) climbed 8.7% year-on-year to S4183 million, supported by Singapore asset performance, its manager said in a statement. Distribution per Unit (DPU) was down 8.2%. As at September 30, 2023, the aggregate leverage ratio was 40.7% and the average term to maturity was 3 years. It […]
August 18 – Champion Real Estate Investment Trust, the owner of Three Garden Road and Langham Place, posted a 4.7% year-on-year decline in net property income in the six months ended 30 June 2023. Distribution per unit fell 12.6%. The full reopening with mainland China and a new round of the government’s Consumption Voucher Scheme helped
Champion REIT 6-Month Net Property Income Down 4.7% Read More »
August 25, 2023 – Regal REIT net rental and hotel income for the six months ended June 30, 2023 amounted to HK$294.3 million, 13.5% below that in the same period in 2022. It recorded an unaudited consolidated profit before distribution to unitholders of HK$105.2 million, as compared to a profit of HK$613.1 million for the
Regal REIT’s Interim to June Rental and Hotel Income Down 13.5%, No Dividends Declared Read More »
Aug 7, 2023 – In an unprecedented move, Sabana Industrial Real Estate Investment Trust’s unit holders voted in an extraordinary meeting on August 7 in favour of removing its existing external manager and replacing it with an internal manager. Up to now, all 42 Reits and trusts listed on the Singapore Exchange are managed externally,
June 25, 2023 – Yuexiu REIT 2012 Company Limited, a subsidiary of Yuexiu REIT, has secured a 4 billion RMB loan through a second mortgage of the Guangzhou International Finance Center. The loan facility will mature and become payable three years from the date of the first drawdown, according to a stock exchange filing. The
Yuexiu REIT Secures 4 Billion RMB Loan By Mortgaging Guangzhou IFC Read More »
May 27, 2023 – Spring REIT’s manager said it plans to repurchase approximately 4.23% of Spring REIT’s issued units at HK$2.3810 per unit, which is accretive to the distribution per unit (DPU) and net asset value (NAV). The total consideration for the Unit Buy-back is approximately HK$150.6 million. The buy-back will be financed by cash
Hong Kong’s Spring REIT Plans Share Buy-back Read More »
Knight Frank Opens Asia’s Second Private Office in Hong Kong To Cater To Wealthy Investors Interested In Commercial Real Estate April 15, 2023 – Knight Frank has opened a Private Office in Hong Kong, its second in Asia, and appointed Ho-Pin Tung as head. This latest expansion marks Knight Frank’s fifth Private Office globally. Its
Hong Kong’s SF REIT 2022 Net Income Up 19.3% Due to China Logistics Demand, Acquisition March 25, 2023 – SF REIT, the first and only logistics-focused REIT listed in Hong Kong, announced that total revenue and net property income for the year ended December 2022 were HK$421.5 million (US$53.7 million) and HK$343.6 million, representing a
Hong Kong’s SF REIT 2022 Net Income Up 19.3% Due to China Logistics Demand, Acquisition Read More »
Link REIT Proposes 1-for-5 Rights Issue To Raise HK$18.8 Billion Jan 11, 2023 – The Rights Issue is proposed to be conducted on the basis of one Rights Unit for every five existing Units held at a subscription price of HK$44.2 per Rights Unit, the company said in a statement. This represents an approximately 26%
Link REIT Buys Two Singapore Retail Assets For S$2.161 Billion Dec 29, 2022 – Link Asset Management Limited, the manager of Link Real Estate Investment Trust (Link REIT, said it will acquire two suburban retail assets in Singapore, Jurong Point and Swing By @ Thomson Plaza, from Mercatus Co-operative Limited (Mercatus) for a total consideration
Link REIT Buys Two Singapore Retail Assets For S$2.161 Billion Read More »