Commercial Property
About 99% of ESR-REIT shareholders approve ARA LOGOS merger
About 99% of ESR-REIT shareholders approve ARA LOGOS merger
More than 1.2 billion voting shares decided the fate of the two companies.
Mapletree REITS offer cash-only consideration option to $2.2b proposed merger
A backing of up to $2.2b will be implemented by the group.
ARA US Hospitality Trust to divest hotel asset in Chicago for $10.5m
It will be sold to IHP Hospitality.
ESR-REIT chief exec to serve as CEO of ESR-LOGOS REIT manager
The appointment will be official should the merger of ESR-REIT and ALOG push through.
Pair of adjoining shophouses in Jalan Besar for sale at $23m guide price
It is being sold via Expression of Interest (EOI),
Keppel REIT bondholders exercise put option for redeeming $146.5m in bonds
The bonds represent 73.25% of the overall $200m in bonds.
Elite Commercial REIT extends lease of 8 assets in the UK
The eight properties are owned by the Department for Work and Pensions.
ERA Realty puts up 23 shops for sale
The portfolio's highlight is the two HDB shops in Toa Payoh and Ang Mo Kio.
Plum residential development site up for sale
A reserve price of $225.4m was attributed to the property.
Mapletree sees ‘challenging’ year ahead for its SG market
Uncertainties over the Omicron variant will affect operations, the company said.
Flexible workspace demand jumps 37%
Demand was driven by tech companies.
UOL net attributable profit inflates exponentially to $307.4m for FY2021.
Property development revenue increased by 67% to $1.6b.
Sinarmas Land net profit jumps 33.8% to $235.4m in 2021
The group's debts also decreased significantly with a net debt-to-equity ratio of 8.7%.
Yanlord Land Group profit up 10.5% YoY to $867.77m for FY 2021
There was 2.5% increase in profit attributable to owners of the company.
Two freehold commercial units in East Coast up for sale at $23.8m guide price
The sale will be conducted through an Expression of Interest exercise.
Elite Commercial REIT invests $22.7m to improve UK-occupied assets
The asset enhancement works will take about three years.
CapitaLand Development inks $1.3b deal to develop parks, towns in Vietnam
It includes the evaluation of 400-hectare greenfield sites in Bac Giang Province.
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