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OUE Commercial REIT To Spend S$22 Million Enhancing Crowne Plaza Changi Airport Hotel

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 …

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Digital Core REIT Announces New Chairman, CFO; Nariet Global Developed Index Inclusion

Sept 4, 2023– Digital Core REIT (SGX: DCRU), a pure-play data centre REIT listed in Singapore and sponsored by Digital Realty, announced a series of leadership changes. David Lucey, who currently serves as a non-independent director, will assume the role of chairman of the board of Digital Core REIT Management Pte. Ltd., the manager of Digital …

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Elite Commercial Trust 1H 2023 Revenue Up 3.4%, DPU Down 24.2%

Aug 13, 2023 – Elite Commercial Trust’s first-half to June 2023 revenue grew 3.4% to £19.1 million compared to the previous corresponding period, lifted by net annualised inflation-linked rent escalation of 13.1% for 136 assets and partially offset by the vacancy of eight assets, effective April 1, 2023, its manager said. Distribution-per-unit is 1.94 pence, …

Elite Commercial Trust 1H 2023 Revenue Up 3.4%, DPU Down 24.2% Read More »

Sabana REIT Will Be First in Singapore To Have Internal Manager After Unitholders Voted For Removal of External Manager

Aug 7, 2023 – In an unprecedented move, Sabana Industrial Real Estate Investment Trust’s unit holders voted in an extraordinary meeting on August 7 in favour of removing its existing external manager and replacing it with an internal manager. Up to now, all 42 Reits and trusts listed on the Singapore Exchange are managed externally, …

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Mapletree Logistics Trust Divests Singapore Property For S$27.8 Million; Malaysian Asset For MYR60 Million

Aug 12, 2023 – Mapletree Logistics Trust Management said the trust will divest 8 Loyang Crescent in Singapore at a sale price of S$27.8 million. The proposed divestment is in line with the manager’s strategy to rejuvenate the portfolio through selective divestments of non-core assets, providing the trust with greater financial flexibility to pursue investments in modern …

Mapletree Logistics Trust Divests Singapore Property For S$27.8 Million; Malaysian Asset For MYR60 Million Read More »

OUE Commercial REIT First-Half Net Income Rises 23.1%, DPU Down 2.8%

July 29, 2023 – OUE Commercial REIT’s six-month to June 30, 2023, net property income grew 23.1% year-on-year to S$115.3 million supported by Singapore’s tourism recovery and improvements in portfolio operational metrics. Revenue was S$138.8 million, an increase of 19.8% year-on-year on the back of the recovery in Singapore’s tourism sector. The amount to be distributed was …

OUE Commercial REIT First-Half Net Income Rises 23.1%, DPU Down 2.8% Read More »

Parkway Life REIT First-Half Net Income Climbs 25.1%, DPU Up 3.3%

July 29, 2023 – Parkway Life Real Estate Investment Trust posted a 25.1% increase in net property income for the half year ended June 30, 2023, of S$70.1 million. Distributon-per-unit was 7.29 Singapore cents, representing an increase of 3.3% year-on-year. Gross revenue increased by 23.6% to S$74.4 million, due principally to contributions from the five …

Parkway Life REIT First-Half Net Income Climbs 25.1%, DPU Up 3.3% Read More »