Latest news
Sasseur REIT Completes Winding-Up of Associated Companies
Sasseur Asset Management Pte. Ltd., in its capacity as manager of Sasseur Real Estate Investment Trust, would like to announce that the winding-up process of Sasseur REIT’s 40% indirectly-owned associated companies, Shanghai Pacific Rehouse Service ...
Activia Properties Inc. Relocates Head Office
Activia Properties Inc. (“API”) announces that it decided at its board of directors’ meeting held today to relocate its head office. The new location of the head office of API is at Shibuya Solasta 18F, ...
Starhill Global REIT Enters Facility Agreement For JPY3.7B (US$34.77) Unsecured Term Loan Facility
YTL Starhill Global REIT Management Limited as manager of Starhill Global Real Estate Investment Trust is pleased to announce that HSBC Institutional Trust Services (Singapore) Limited has today entered into a facility agreement with Sumitomo ...
Al-Salam Real Estate Investment Trust Proposes Acquisition of 22 Properties Across Malaysia
Al-Salam Real Estate Investment Trust proposed acquisition of 22 properties located across Malaysia by Amanahraya Trustees Berhad, as the trustee of Al-Salam REIT, for a purchase consideration to be satisfied entirely in cash ...
Abacus Property Group Confirms Completion Of The Security Purchase Plan Worth AU$4.3M (US$2.9M)
Abacus Property Group confirms the completion of the SPP following the closing of the SPP offer at 5:00pm (AEDT) on Friday, 23 August 2019. A total of $4.3 million was raised under the SPP, with ...
Ichigo Hotel Reit Sells Hotel Vista Premio Kyoto for JPY 4.5 B (US$43 M)
Ichigo Hotel decided today to sell Hotel Vista Premio Kyoto for JPY 4.5 billion. The sale is being executed at 1.3X book value and 1.2X appraisal value, generating gains on sale of c. JPY 660 ...
Mapletree North Asia Commercial Trust Issued 6,166,165 New Units for Management Fee Payment
Mapletree North Asia Commercial Trust Management Ltd., as manager (the “Manager”) of Mapletree North Asia Commercial Trust (“MNACT”), wishes to announce that a total of 6,166,165 new units(“Units”) in MNACT have been issued on 27 ...
Ascott Residence Trust Issued S$150 M (US$107.94 M)Fixed Rate Perpetual Securities
Ascott Residence Trust Management Limited, as manager of Ascott Residence Trust (“Ascott REIT”), wishes to announce the pricing of S$150 million in aggregate principal amount of fixed rate perpetual securities (the “Securities”). The Securities will ...
Japan Prime Realty Investment Corporation Grew its Distribution Per Unit to 7,380 yen (US$69.8)
Japan Prime Realty Investment Corporation Grew its Distribution Per Unit (DPU) bu 0.74% to 7,380 yen (US$69.8) for the period ended June 2019 ...
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City Developments’ Q3 net profit rises 10.4% to S$162m (US$117.6m) (The Business Times)
CITY Developments Ltd (CDL) posted a 10.4 per cent rise in third-quarter net profit to S$161.8 million from the previous year, the group said in a Singapore Exchange filing on Thursday evening. For the three ...
Fraser Property’s fiscal 2018 profit up 10% to S$759m(US$551m) (The Business Times)
FAIR value gains of S$637 million on Frasers Property’s investment properties, as well as the timing of sales settlements of development projects in Singapore and Australia, and maiden contributions from the business parks in the ...
Manulife US REIT is a MUST ‘buy’, analysts say (The Edge Singapore)
Analysts from UOB Kay Hian and RHB Research are keeping their “buy” recommendations on Manulife US REIT (MUST), with the latter calling MUST one of its top picks in the REITs sector. This comes after ...
OUE Hospitality Trust Q3 Distribution Per Stapled Security down 5.9% (The Business Times)
OUE Hospitality Trust's (OUE H-Trust) distribution per stapled security (DPS) for the third quarter ended Sept 30 fell to 1.28 Singapore cents, down 5.9 per cent from 1.36 cents in 3QFY17 ...
BHG Retail Reit to pay RMB 328.3m (US$47.4m) for China shopping centre(The Business Times)
BHG Retail Real Estate Investment Trust (BHG Retail Reit) is buying a mall in China that was indirectly owned by the parent of the Reit manager, in a deal inked on Monday and announced the ...
Capital World signs Memorandum of Understanding for capital injection from Bursa-listed firm (Biz Times)
INTEGRATED property developer Capital World on Monday announced that it had signed a non-binding memorandum of understanding with PRG Holdings, a Bursa-listed investment holding company, for the latter to inject capital into the company by ...
Century Warehouse in Pasir Panjang Road is launched for a collective sale at S$57m (Straits Times)
Century Warehouse, a freehold industrial warehouse in Pasir Panjang Road, will be launched for a collective sale at $57 million on Thursday (Nov 1), with 100 per cent owners' consensus. Listed property developer Tuan Sing ...
Suntec’s Chan Kong Leong Resigns as CEO, Chong Kee Hiong to take over (Press release)
The Board of Directors of ARA Trust Management (Suntec) Limited, manager of Suntec REIT, has announced that Chan Kong Leong has resigned as Chief Executive Officer and Executive Director of the Manager. His last day of ...
Sasseur Reit loses PE firm L Catterton Asia as substantial unitholder (S’pore Business Times)
PRIVATE equity firm L Catterton Asia is no longer a substantial unitholder of Sasseur real estate investment trust (Reit), after it sold part of its stake in the Reit's sponsor, Sasseur Cayman Holding. Its deemed stake was ...
Mapletree Acquires Logistics Assets In The US, Europe (The Business Times)
MAPLETREE Investments has acquired a 16.5 million sq ft logistics portfolio for US$1.1 billion (S$1.54 billion) from Prologis, Inc. (The Business Times) ...
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