Nov 10, 2023 – Mapletree Logistics Trust has agreed to divest 10 Tuas Avenue 13 in Singapore at S$11.11 million. Separately, it is selling Flexhub and Padi in Malaysia at a total sale price of MYR151.2 million, or approximately S$43.8 million. Completed in 2008, the Singapore property is a six-storey cargo lift warehouse with a gross […]
Mapletree Logistics Trust Divests Singapore and Malaysian Assets Read More »
Oct 28, 2023 – Suntec REIT reported a net property income of S$84.6 million for the period from July 1 to September 30 2023, 9.7% higher than the year earlier period. Distribution per unit was 1.793 cents, 14% lower year-on-year. Operational performance of the office, retail and convention properties continued to improve. However, higher financing
Oct 28, 2023 – Frasers Centrepoint Trust (FCT)’s net property income climbed 1.1% to S$130 million while distribution-per-unit eased 1.2% to 6.02 Singapore cents for the six-month period from April 1, 2023, to September 30, 2023, according to a company statement. The trust’s manager expects interest rate movements and rising operating expenses to remain the key factors
Oct 28, 2023 – CapitaLand Integrated Commercial Trust (CICT)’s net property income (NPI) for the third quarter ended September 30 reached S$275 million, indicating a growth of 0.6% year-on-year. The figures were attributed to higher gross rental income from existing properties, although they were partially offset by a rise in operating expenses due to increased
CapitaLand Integrated Commercial Trust Q3 Net Property Income Up 0.6% Read More »
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
Oct 21, 2023 – ESR-LOGOS REIT has completed the divestment of five non-core assets, namely 3 Pioneer Sector 3, 4 & 6 Clementi Loop, 6 Chin Bee Avenue, 21 Changi North Way and 30 Toh Guan Road for a total sale consideration of S$313.5 million, its manager said in a statement. ESR-LOGOS REIT is on track
ESR LOGOS REIT Completes Divestment of Five Non-Core Assets for S$31.5 Million Read More »
Oct 21 – Savills Research forecasts Singapore office rents softening in 2024 due to the record levels of CBD and non-CBD building completions. In 2024, arising from the economic and political flareups, and because of the spike in CBD (Central Boulevard and Keppel South Central) and non-CBD supply (Labrador Tower and Paya Lebar Green), the
October 13- ESR-LOGOS REIT plans to divest 2 Tuas South Avenue 2 for S$53 million, excluding divestment costs and applicable goods and services tax, its manager said in a stock filing. The sale consideration represents a 35.2% premium above its valuation of S$39.2 million, it said. The net proceeds will be deployed to repay outstanding borrowings,
ESR LOGOS Divest Singapore Industrial Building For S$53 Million Read More »
Sept 14, 2023 – EC World Asset Management Pte. Ltd. said it received requests from unitholders Forchn International and Forchn Global to defer distribution payments. It said the agreements were entered into on September 14, 2023:
EC World To Defer Distribution Payments to Forchn Global And Forchn International Read More »
Aug 2, 2023 – OUE Commercial REIT has commenced a S$22 million asset enhancement project at Crowne Plaza Changi Airport,its manager said in a statement. The work is expected to be completed by end 2023. According to the statement, the enhancement is expected to generate a uereturn on investment of approximately 10%. The manager intends
OUE Commercial REIT To Spend S$22 Million Enhancing Crowne Plaza Changi Airport Hotel Read More »