Singapore

Mapletree North Asia Commercial Trust’s Distribution Per Unit Declines 7.4% April 29, 2020 — Mapletree North Asia Commercial Trust Management Ltd., announced MNACT’s financial results for the quarter from 1 January 2020 to 31 March 2020 (“4Q FY19/20”). Gross revenue for 4Q FY19/20 decreased by 26.2% to S$76.8 million, compared to 4Q FY18/19, while net property income (“NPI”) declined by 32.2% […]

Starhill Global REIT Reports Lower Income For 3Q FY19/20 April 29, 2020 — YTL Starhill Global REIT Management Limited, the manager of SGREIT, announced the results for the three months ended 31 March 2020 (3Q FY19/20). Revenue for SGREIT Group in 3Q FY19/20 was S$46.7 million, declining 8.9% over the previous corresponding period of three

Cache Logistics Trust Announces Name Change to ARA LOGOS Logistics Trust, Reports Lower DPU For 1Q 2020 April 28, 2020 — ARA LOGOS Logistics Trust Management Limited, previously known as ARA Trust Management (Cache) Limited, the “Manager” of Cache Logistics Trust (“Cache”), announced today the official renaming of Cache to ARA LOGOS Logistics Trust (“ALOG” or the “REIT”) with effect

April 28, 2020 — Mapletree Industrial Trust Management Ltd., as manager of Mapletree Industrial Trust (MIT), announced that MIT’s distribution per Unit (DPU) for the Financial Year 2019/2020 from 1 April 2019 to 31 March 2020 (“FY19/20”) was 12.24 cents, 0.7% higher than the previous financial year. Gross revenue and net property income for FY19/20 grew 7.9% and 10.5% year-on-year to

Lippo Malls Indonesia Retail Trust Extends Temporary Closure Of Malls Again April 28, 2020 — LMIRT Management Ltd., the manager of Lippo Malls Indonesia Retail Trust announced that in respect of the large-scale social restrictions (“PSBB” – Pembatasan Sosial Berskala Besar) imposed by the Indonesia Health Ministry across various provinces, LMIR Trust will be extending the temporary closure

ARA US Hospitality Trust Temporarily Closes 28 Hotels Due To Covid-19 April 27, 2020 – ARA US Hospitality Trust has suspended and consolidated operations at over 65% of its hotels with low occupancies due to travel restrictions caused by the global pandemic. In its latest COVID-19 investor update (hyperlink), it said it is closing 13

IREIT Global Announces New CEO April 24, 2020 — The board of directors of the manager of IREIT Global (“IREIT” and the manager of IREIT, the “Manager”) announced the appointment of Mr Louis d’Estienne d’Orves as Chief Executive Officer of the Manager effective immediately. Mr d’Estienne d’Orves joined Tikehau Capital’s Real Estate team in November 2018. As Executive

Sabana REIT Manager CEO Vows TO Take A “Proactive Approach” To Navigate COVID-19 Impact April 23, 2020 — In a statement for its 1Q Interim Business Update, Sabana REIT Manager CEO Donald Han said Sabana REIT stands united with their tenants and with the entire Singapore. “With the stringent implementation of the “circuit-breaker” measures starting from April