Commercial Property
Chart of the Day: Around 4.3 million sqft of office supply in the works
Chart of the Day: Around 4.3 million sqft of office supply in the works
The market will face a huge supply coming on board in 2022.
LREIT's NPI down 53.3% to $7.51m from IPO forecast
It posted lower revenue on the back of lower rental income from 313@somerset.
AA REIT to acquire site at Jurong Innovation District for $129.6m
Upon completion, rental contribution from master leases is slated to rise from 30.3% to 36.4%.
Tuan Sing to divest CBD property Robinson Point for $500m
They have entered an agreement with a British Virgin Islands investment firm.
Quarz and Black Crane to reject Sabana and ESR merger
They questioned whether the merge was really in the best interest of shareholders.
IREIT acquires four office properties in Spain
It exercised the call option to acquire Tikehau Capital’s 60% share in the properties.
CapitaLand's profit dropped 89% to $96.61m in H1
The group suffered from lower contributions from its malls and residential projects.
ARA US Hospitality Trust posts $2.02m net loss in H1
It suffered with a drop in hotel occupancies and temporary hotel closures.
OUE records $207.16m loss in H1
Weaker operating performance and the sale of US Bank Tower dragged it down.
Telstra sells data centre in Australia for $410.16m
The sale includes a triple-net lease-back arrangement.
Chart of the Day: Office occupancy rate in the CBD down 1.5 ppt in Q2
The subzone recorded a negative net absorption of 463,000 sqft.
Suntec REIT completes premium grade office development in Australia
The retail space at Olderfleet is set to complete by end-2020.
FLCT's NPI rose 77% to $78m in Q3
Its portfolio saw little impact from pandemic measures.
FLCT acquires Australian and UK properties for $89.9m
It also sold the remaining 50% of its ownership in a property in Queensland for $150.5m.
Property scene face hazy prospects in H2
Albeit a few bright spots, JLL expects falling rents to persist in all segments.
Chart of the Day: Suburban retail occupancy rates down to 88.8% in Q2
Retailers in the region saw a lack of sales as people avoided malls.
OUE projects net loss in H1
The group saw a fair value loss booked on disposal of approximately of the US Bank Tower.
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