DDMP REIT Profit Rises 40% To P558.9 Million (US$10.66 Million) In Q1 (The Philippine Star) May 19, 2022 – DDMP REIT, the real estate investment trust of DoubleDragon Properties, reported a net income of P558.9 million (US$10.66 million) in the first quarter, up by 39.8 percent from the same period last year. DDMP REIT chairman …
India’s DLF To Be REIT Ready In A Few Months: CEO (Economic Times) May 19, 2022 – Real estate developer DLF Ltd will be REIT ready in the next couple of months after completion of a majority of the preparatory work, senior executives of the company told investors during the Q4 analyst call. “Most of the key …
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First REIT To Divest Siloam Hospitals Surabaya For S$40.9 Million (US$29.47 Million) May 19, 2022 – First Real Estate Investment Trust announced that Primerich Investments Pte. Ltd. and Surabaya Hospitals Investment Pte. Ltd., each of which is a direct wholly-owned subsidiary of Perpetual (Asia) Limited, as trustee of First REIT have entered into a conditional …
First REIT To Divest Siloam Hospitals Surabaya For S$40.9 Million (US$29.47 Million) Read More »
IREIT Clinches A Six-year Lease Extension At Bonn Campus May 17, 2022 – IREIT Global (IREIT), a Europe-focused real estate investment trust managed by IREIT Global Group Pte. Ltd., announced that it has successfully secured a lease extension of six years with GMG Generalmietgesellschaft mbH (GMG), a subsidiary from Deutsche Telekom and the sole tenant at …
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Philippine Stock Exchange (PSE) Clears P9.2 Billion (US$180 Million) IPO Of Villar REIT (Inquirer) May 17, 2022 – Philippine billionaire Manuel Villar Jr.’s VistaREIT Inc. (VREIT) is set to launch its P9.2-billion initial public offering (IPO) at the end of the month after bagging the approval of the Philippine Stock Exchange (PSE) on Monday. Villar’s …
Q1 Property Transaction Value In Japan Lowest Since 2013 REITs were active in divesting and acquiring new properties as the number of transactions rose by 17%. May 17, 2022 – Real estate transaction volume in Japan declined by 8% year-on-year in the first quarter of 2022 to 802.3 billion yen (US$6 billion), its lowest first-quarter …
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Singapore-based Office S-REITs Report Improved Metrics And Higher Rents (The Business Times) May 16, 2022 – Singapore focused office S-Reits remain poised to benefit as more employees return to the office. The Urban Redevelopment Authority (URA) office rental index in the Central Region grew 1.6 per cent and for a second consecutive quarter in Q1 …
EC World REIT Reports Distribution Per Unit (DPU) Of 1.383 Cents For Q1 FY2022 May 13, 2022 – EC World Real Estate Investment Trust wishes to report that ECW achieved a 4.4% increase in gross revenue, mainly attributed to strengthening of RMB, organic rental escalation as well as late fee income in Q1 FY2022. NPI …
EC World REIT Reports Distribution Per Unit (DPU) Of 1.383 Cents For Q1 FY2022 Read More »
Link Taps Yangtze River Delta Logistics Sector May 13, 2022 – Link Real Estate Investment Trust announced that it has agreed to acquire a 100% interest in a prime logistics portfolio in the affluent Yangtze River Delta (YRD) which consists of three well-located modern warehouses at a total consideration of RMB 947 million (approximately HK$1,102 million. …
OUE C-REIT Announces Q1 2022 Amount Available For Distribution Of S$31.2 Million (US$22.37 Million) May 13, 2022 – OUE Commercial Real Estate Investment Trust announced a net property income of S$48 million (US$34.3 million) for the financial period 1 January 2022 to 31 March 2022 (Q1 2022), representing a decrease of 21.5% year-on-year mainly due …