First REIT To Divest Siloam Hospitals Surabaya For S$40.9 Million (US$29.47 Million) May 19, 2022 – First Real Estate Investment Trust announced that Primerich Investments Pte. Ltd. and Surabaya Hospitals Investment Pte. Ltd., each of which is a direct wholly-owned subsidiary of Perpetual (Asia) Limited, as trustee of First REIT have entered into a conditional …
First REIT To Divest Siloam Hospitals Surabaya For S$40.9 Million (US$29.47 Million) Read More »
IREIT Clinches A Six-year Lease Extension At Bonn Campus May 17, 2022 – IREIT Global (IREIT), a Europe-focused real estate investment trust managed by IREIT Global Group Pte. Ltd., announced that it has successfully secured a lease extension of six years with GMG Generalmietgesellschaft mbH (GMG), a subsidiary from Deutsche Telekom and the sole tenant at …
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Singapore-based Office S-REITs Report Improved Metrics And Higher Rents (The Business Times) May 16, 2022 – Singapore focused office S-Reits remain poised to benefit as more employees return to the office. The Urban Redevelopment Authority (URA) office rental index in the Central Region grew 1.6 per cent and for a second consecutive quarter in Q1 …
EC World REIT Reports Distribution Per Unit (DPU) Of 1.383 Cents For Q1 FY2022 May 13, 2022 – EC World Real Estate Investment Trust wishes to report that ECW achieved a 4.4% increase in gross revenue, mainly attributed to strengthening of RMB, organic rental escalation as well as late fee income in Q1 FY2022. NPI …
EC World REIT Reports Distribution Per Unit (DPU) Of 1.383 Cents For Q1 FY2022 Read More »
Link Taps Yangtze River Delta Logistics Sector May 13, 2022 – Link Real Estate Investment Trust announced that it has agreed to acquire a 100% interest in a prime logistics portfolio in the affluent Yangtze River Delta (YRD) which consists of three well-located modern warehouses at a total consideration of RMB 947 million (approximately HK$1,102 million. …
OUE C-REIT Announces Q1 2022 Amount Available For Distribution Of S$31.2 Million (US$22.37 Million) May 13, 2022 – OUE Commercial Real Estate Investment Trust announced a net property income of S$48 million (US$34.3 million) for the financial period 1 January 2022 to 31 March 2022 (Q1 2022), representing a decrease of 21.5% year-on-year mainly due …
Prime US REIT Distributable Income Up 19% In Q1 May 11, 2022 – Prime US REIT, a real estate investment trust with an office portfolio in the United States, published its key business and operational updates for the quarter ended March 31 2022. PRIME’s gross revenue and net property income (NPI) for Q1 2022 increased 13.6% and 10.4% year-on-year to …
Frasers Logistics & Commercial Trust H1 DPU UP 1.3% May 6, 2022 – Frasers Logistics & Commercial Trust announced its results for the six- month period ended 31 March 2022 (H1 FY 2022). FLCT achieved a revenue of S$235.7 million and Adjusted Net Property Income of S$180.1 million for 1HFY22, representing increases of 1.7% and …
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Manulife US REIT Manager Appoints New CEO May 6, 2022 – Manulife US REIT announced that Ms Jill Smith is retiring as the Chief Executive Officer of Manulife US Real Estate Management Pte. Ltd. (MUSREM), the manager of Manulife US REIT (MUST). “The Board of MUSREM would like to express their appreciation to Ms Smith …
LMIR Trust Registers Steady Q1 2022 Growth On Stabilising Covid-19 Situation May 4, 2022 – Lippo Malls Indonesia Retail Trust reported steady year-on-year growth for the first quarter ended March 31 2022 (Q1 2022) compared to the corresponding period a year ago. With stabilising Covid-19 developments and easing of restrictions in Indonesia, rental or service …
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