First REIT Defends Siloam Hospitals Surabaya Divestment As Investors Question Rationale, Benefits (The Business Times) July 19, 2022 – (From The Business Times) Unitholders of First Reit have raised a number of questions regarding the company’s divestment of Siloam Hospitals Surabaya. In a bourse filing on Monday, the real estate investment trust (Reit) posted a lengthy […]
Fitch Downgrades Lippo Malls Indonesia Retail Trust To ‘B’ July 8, 2022 – Lippo Malls Indonesia Retail Trust, announced that Fitch Ratings Singapore Pte Ltd has today downgraded LMIR Trust’s Long Term Issuer Default Ratings (IDR) to ‘B’ from ‘B+’. The Outlook is Stable. Its senior unsecured notes due 2024 and 2026, issued by LMIR
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EC World REIT Successfully Extended The Maturity Of The Outstanding Onshore And Offshore Facilities July 7, 2022 – EC World Real Estate Investment Trust announced that it has successfully extended the maturity date of the outstanding Onshore Facilities and Offshore Facilities to 30 April 20231, thereby obtained sufficient time to complete the on-going refinancing exercise. Noting the
Chua Hwee Song Resigns From SPH REIT’s Board (The Business Times) July 7, 2022 – SPH REIT announced that SPH chief financial officer Chua Hwee Song will resign from SPH, the real estate investment trust’s (Reit) sponsor on Friday. According to a separate internal email seen by The Business Times, SPH said that he is leaving
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CDL Hospitality Trust Announces Renewal Of Lease In Aukland Property July 1, 2022 – CDL Hospitality Trusts announced that it has renewed the deed of lease in relation to the lease of Grand Millennium Auckland (GMA) with Hospitality Services Limited. Hospitality Services Limited is a wholly-owned subsidiary of Millennium & Copthorne Hotels New Zealand Limited (MCK).
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ESR-LOGOS REIT Announces Board And Management Changes July 1, 2022 – ESR-LOGOS Funds Management Limited, as manager of ESR- LOGOS, announced the following changes to its Board of Directors and management team. The following changes to the Board are effective from July 1, 2022: Mr. Trent Iliffe will be joining the Board as a Non-Executive Director and
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Five S-REITs Drawing Net Institutional Inflows In 2022 Year-To-Date (The Business Times) June 27, 2022 – In Q2 2022 to date, the Straits Times Index (STI) has generated an 8 per cent decline in total returns, while the FTSE Developed Index declined 16 per cent. The iEdge S-Reit Index maintained resilience with a 2 per
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Frasers Logistics & Commercial Trust Invests In Second Forward Funding Opportunity In The UK June 27, 2022 – Frasers Logistics & Commercial Trust announced that it has acquired a property to be developed at West Road, Hooton Park Airfield, Ellesmere Port in Cheshire, North West England, United Kingdom from an unrelated third party, Stoford Properties Ltd, with
IREIT Wins 12-year Major New Lease At Sant Cugat Green June 22, 2022 – IREIT Global announced that the Manager has successfully secured a new lease for approximately 5,300 sqm of vacant data centre space at Sant Cugat Green, representing around 20.4% of total lettable area at the property. The tenant of the new lease
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Keppel DC REIT Strengthens Portfolio With Two Data Centres In Guangdong, China June 22, 2022 – Keppel DC REIT has entered into agreements with Guangdong Bluesea Data Development Co. Ltd. (Bluesea) and its parent company, Guangdong Bluesea Mobile Development Co. Ltd., to acquire two data centre facilities, on a fully-fitted basis, in Jiangmen, Guangdong Province,
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