AIMS APAC REIT Posts 10.2% Growth in DPU For Q3 FY2023 Jan 25, 2023 – AIMS APAC’s distribution per unit (DPU) for the quarter ended December 2022 climbed 10.2% year-on-year to 2.59 Singapore cents, its manager said. The strong performance was mainly attributable to higher gross revenue of S$42.0 million and net property income of …
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Frasers Property Group To Acquire 50% Interest In Suburban Retail Mall NEX For S$652.5 million Jan 25, 2023- Frasers Fraser Property Group will buy a 50% interest in Gold Ridge Pte. Ltd., which holds the suburban retail mall NEX, located at 23 Serangoon Central, Singapore 556083 for S$652.5 million. Read more here.
Jan 23, 2023- Eu Chin Fen has been appointed the CEO of Frasers Hospitality, a business unit of Frasers Property. She was previously the CEO of the managers of Frasers Hospitality Business Trust (FH-BT) and Frasers Hospitality Reit (FH-REIT). In her new role, she will report to Panote Sirivadhanabhakdi, Group Chief Executive Officer of Frasers Property …
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CapitaLand Malaysia Trust Distributable Income Up 124% for FY 2022 Jan 23. 2023 – CapitaLand Malaysia REIT Management Sdn. Bhd. (CMRM), the manager of CapitaLand Malaysia Trust (CLMT), announced a distributable income of RM87.5 million for the year ended Dec 31, 2022 (FY 2022), up 124.1% from the RM39.0 million for FY 2021. Distribution per …
CapitaLand Malaysia Trust Distributable Income Up 124% for FY 2022 Read More »
Mapletree Logistics Trust Q3 FY22/23 Net Income Up 7.3% year-on-year to S$157.2 million Jan 23, 2023 – Mapletree Logistic Trust posted a distributable income of S$107.1 million, 10.8% higher year-on-year, for the quarter that ended Dec 31, 2022. Overall growth was impacted by the depreciation of foreign currencies, mainly the Japanese Yen, South Korean Won, …
Mapletree Logistics Trust Q3 FY22/23 Net Income Up 7.3% year-on-year to S$157.2 million Read More »
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 …
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Mapletree Logistics Trust Divests Singapore Changi Asset Dec 27, 2022 – Mapletree Logistics Trust Management Ltd., the manager of Mapletree Logistics Trust (MLT), said it has agreed to sell 3 Changi South Lane in Singapore at S$22 million. The property is a 23-year-old cargo lift warehouse with a gross floor area of 11,315 square metres on a land …
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CapitaLand Investment, Ally Logistic Property and Pruksa Holding Establish S$1 Billion (US$741 Million) CapitaLand SEA Logistics Fund Dec 19, 2022 – CLI, ALP and PSH have committed an initial equity investment of S$270 million with an option to increase their investment up to S$540 million, and a target to achieve assets under management of S$1 …
ESR-LOGOS REIT Divests 70 Seletar Aerospace View For S$7.1 Million Dec 19, 2022 – ESR-LOGOS REIT has divested 70 Seletar Aerospace View at S$7.1 million, a 4.8% premium to its valuation, the REIT’s manager said in a statement. The divestment is not expected to have a material impact on E-LOG’s net asset value and distribution …
ESR-LOGOS REIT Divests 70 Seletar Aerospace View For S$7.1 Million Read More »
Dexus Says Six Properties Sold For AU$483 million Dec 21, 2022 – Australia-listed Dexus said it sold six properties for AU$483 million (US$322.72 million) Dexus has now secured approximately $69 million pre-tax trading profits to be recognised in FY23, plus approximately $5 million pre-tax trading profits to be recognised across FY23 and FY24, the company …
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