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Singapore REIT

First REIT Declares DPU Of 4.15 Cents For FY 2020 January 15, 2021 – First Real Estate Investment Trust (First REIT) reported a distribution per unit (DPU) of 4.15 Singapore cents for the financial year ended 31 December 2020, on the back of income available for distribution sliding 51.2% year-on-year to S$33.4 million from the previous corresponding year …

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Lendlease wins Grange Road tender

SPH REIT Announces 13% Decline In DPU in Q1 2021 January 14, 2021 – SPH REIT announced a distribution per unit of 1.2 Singapore cents in Q1 of their fiscal year (FY) 2021, down 13% year from Q1 FY 2020. In their recently published key business and operational updates presentation, SPH REIT said their gross …

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Ascott Residence Trust Secures S$50 Million (US$37.7 Million) Green Loan January 14, 2021 – Ascott Residence Trust (ART) has obtained a S$50 million five- year green loan from DBS Bank Ltd (DBS), making ART the first hospitality trust in Singapore to secure a green loan. Proceeds from the green loan will be used to finance ART’s maiden …

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Singapore REITs

Ascendas REIT Completes Australia Property Acquisition January 14, 2021 – Ascendas Real Estate Investment Trust announced on Thursday that it has completed the acquisition of a suburban office property located at 1 – 5 Thomas Holt Drive, Macquarie Park, in Sydney, Australia. The acquisition cost of S$303.3 million (A$308.5 million) (US 228.7 million) comprises (i) the …

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Capitaland Retail China Trust Divests The Company That Holds Capitamall Minzhongleyuan January 13, 2021 – CapitaLand Retail China Trust announced that it has entered into a conditional equity interests transfer agreement to divest its entire equity interest in Wuhan New Min Zhong Le Yuan Co., Ltd. Wuhan New Min Zhong Le Yuan Co., Ltd. holds CapitaMall Minzhongleyuan and three sets …

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First REIT To Diversify Into New Markets Post-Restructuring (The Business Times) January 8, 2021 – If First Reit’s restructuring and recapitalisation exercise proves successful, the manager intends to diversify its portfolio into new geographies. The REIT particularly plans to extend its portfolio to include nursing homes in Japan, hospitals in China and Myanmar, and other …

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First REIT Details Restructuring Plan To Unitholders January 6, 2021 – First REIT is releasing more details of their restructuring and recapitalisation plan to unitholders, in an effort to pass the resolutions that are crucial to the REIT’s debt covenants. In their published presesntation with brokeage firms, First REIT said the restructuring and reconstruction program …

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