The proposed Airport Real Estate Investment Trust (REIT), the first of its kind in the world, is expected to generate more than RM700mil per annum. Announced during Budget 2019 last week, it will see the departure levy on international passengers being introduced from June 1, 2019. The government will sell a stake in its airport […]
Airport REIT likely to generate RM700mil a year(Star) Read More »
FRASERS Logistics & Industrial Trust (FLT) has posted a distribution per unit (DPU) of 1.78 Singapore cents in its fiscal fourth quarter, up 0.6 per cent from 1.77 cents in the same period last year. Revenue in the three months ended Sept 30 was A$60.4 million (US$43.8 million), up 43.2 percent. Net property income rose
BHG Retail Real Estate Investment Trust (BHG Retail Reit) is buying a mall in China that was indirectly owned by the parent of the Reit manager, in a deal inked on Monday and announced the next day. The Reit will pay 328.3 million yuan (US$47.4m) for Hefei Changjiangxilu Mall, to be funded through borrowings, with
INTEGRATED property developer Capital World on Monday announced that it had signed a non-binding memorandum of understanding with PRG Holdings, a Bursa-listed investment holding company, for the latter to inject capital into the company by subscribing for new shares in Capital World. Upon completion of the proposed investment, PRG, which is in the business of
China Southern Airlines is reportedly putting up for sale a four-storey office space in a waterfront building in Hong Kong’s Sai Ying Pun area, with hopes for a HK$1 billion (US$130 million) payday, according to a report in the Hong Kong Economic times. The Hong Kong-listed carrier is looking for a buyer for the 53,060
The Shenzhen government late last month posted a public notice of its plans to sell a 181,000 square metre (1,948,267 square foot) site in the southern part of the city’s Nanshan district, that is expected to bring the local government at least RMB 3.59 billion (US$520 million) in new revenue. The land tender, which is
Shenzhen Tech Hub Plans RMB 3.6B(US$520m) Land Sale(Mingtiandi) Read More »
Shares in Malaysia Airports Holdings Bhd (MAHB) lost as much as 99 sen or 12% to RM7.26 so far today after Finance Minister Lim Guan Eng announced during Malaysia’s Budget 2019 tabling on Friday the government intends to set up the world’s first “airport real estate investment trust (REIT)”.
Malaysia Airports falls 12% after govt proposed airport REIT (The Edge) Read More »
WeWork has spread its reach to the north of the Sydney CBD after leasing more space at Sumner Capital and Prime Super’s office building at 50 Miller Street in North Sydney. The co-sharing giant has taken out the remaining 4100 square meters of commercial space in the building on a 12-year lease term.
WeWork to open new hub in North Sydney after new office lease (AFR) Read More »
HIAP Hoe has entered into a sale and purchase agreement to acquire the 224-room Aloft Perth hotel and an office building for A$100 million (S$99.2 million) from BAAC Pty Ltd, an affiliate of Australian manufacturing, building and construction company BGC (Australia) Pty Ltd.
Hiap Hoe buys Aloft Perth hotel and office building for A$100m (Straits Times) Read More »