S&P Assigns Frasers Logistics & Commercial Trust ‘BBB+’ Rating With Stable Outlook APril 15, 2021 – S&P Global Ratings announced that they are assigning a BBB+ with a stable outlook to Frasers Logistics & Commercial Trust on the back of expected resilient operating performance and cash flow over the next 24 months. The stable outlook …
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Soilbuild Group’s Lim Family and Blackstone Complete Acquisition of Soilbuild Business Space REIT April 13, 2021 – The respective boards of directors of SB REIT Management Pte. Ltd., and Clay Holdings III Limited announced that the acquisition of all the units in SB REIT held by the unitholders of SB REIT by way of a trust …
S-Reits Under S$1 Billion Lead Sector In Q1 2021 (The Business Times) April 12, 2021 – ELEVEN smaller cap Reits in the iEdge S-Reit Index with market capitalisation under S$1 billion have all generated positive returns in Q1 2021. The 11 Reits posted 14.0 per cent total returns in the year-to-date (YTD) through to April …
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Frasers Hospitality Trust Managers Appoint New CEO April 9, 2021 – Frasers Hospitality Asset Management Pte. Ltd., as manager of Frasers Hospitality REIT, and Frasers Hospitality Trust Management Pte. Ltd., as trustee-manager of Frasers Hospitality Business Trust (collectively known as the Managers), today announced Ms Eu Chin Fen will be appointed as the Chief Executive Officer …
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YTL Starhill Global REIT Enters New Loan Facility Agreement April 7, 2021 – YTL Starhill Global REIT announced that it has entered into a five and a half year unsecured facility agreement with two banks for a term loan facility of A$100 million (US76.47 million). The Facility will be used to: (i) fully refinance the remaining …
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S-Reits’ Growth Lies in Foreign Asset Acquisitions: Aprea (Business Times) April 7, 2021 – DESPITE the absence of new Singapore real estate investment trust (S-Reit) listings of late, John Lim, chairman of the Asia Pacific Real Assets Association (Aprea), is not worried. He believes that the answer to growing the S-Reit sector is not by …
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SoilBuild REIT Disposes Australian Assets April 1, 2021- The SB Manager wishes to announce that, in conjunction with the Trust Scheme, and as contemplated in the Scheme Document, the Australian Asset Disposal has been completed today in accordance with the terms of the Australian Asset Disposal Agreement. Accordingly, the Scheme Condition set out in Paragraph …
SPH REIT Q2 2021 DPU Rises By 3.3% March 30, 2021 – SPH REIT reported a distribution per unit (DPU) of 1.24 cents for Q2 FY2021, representing an increase of 3.3% over that of the last quarter. Q2 FY2021 distribution will be paid to unitholders on 11 May 2021. First half DPU is at 2.44 …
Far East Hospitality Trust Secures First Sustainability-Linked Loan Facility March 30, 2021 – Far East Hospitality Trust announced that it has secured its maiden sustainability-linked loan facility worth S$125 million (US$92.72 million) for a term of 5 years from OCBC Bank, which is the sole lender for this transaction. The loan will be used to refinance …
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Two Sabana REIT Directors Resign From Board March 25, 2021 – Sabana REIT announced that two of their independent non-executive directors tenedered notices of resignations after receiving resistance from “certain unitholders”. In an announcement, Sabana REIT said Independent Non-Executive Directors Mr Yeo Wee Kiong and Mr Willy Shee Ping Yah @ Shee Ping Yan will …
