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Singapore

Merger and acquisitions (M&A) involving Singapore companies soared 70.6 per cent year on year to US$88.3 billion in the year to date from US$51.7 billion, making it the strongest first nine-month period on record, according to Refinitiv data.

The eight Singapore-listed stocks under the enlarged CapitaLand Group have generated higher average returns than their regional and global peers so far this year, while also outpacing broader benchmarks, the Singapore Exchange said yesterday.

Assets under management (AUM) increased here last year despite turbulent financial markets.

Singapore Real Estate Fund Manager ARA Eyes Listing In 2-3 Years SINGAPORE: Warburg Pincus-backed ARA Asset Management, one of the largest Asian real estate fund managers, is exploring a dual stock market listing, including one in Singapore, in the next two to three years, group CEO and co-founder John Lim said. Read more at https://www.channelnewsasia.com/news/business/singapore-real-estate-fund-manager-ara-eyes-listing-in-2-3-years-11913996

Singapore Property Trust IPOs Surge to Six-Year High (Bloomberg) Singapore real estate investment trusts are on a money-raising spree.

Frasers Logistics & Industrial Trust announces that FLT will be included as a constituent of the GPR 250 Index Series, comprising the GPR 250 Index and GPR 250 REIT Index, from 23 September 2019.

Ascendas Real Estate Investment Trust (“Ascendas Reit”) announces that the divestment of No. 8 Loyang Way 1 in Singapore for S$27.0 million to Seow Kim Polythelene Co Pte Ltd, has been completed today.

CapitaLand Commercial Trust announced that the acquisition of 94.9% in each of MAC Property Company B.V. and MAC Car Park Company B.V. which hold the property known as Main Airport Center, located in Frankfurt, Germany has been completed on September 17, 2019 by a combination of debt and equity.