Commercial Property
CRCT sells interest in company holding CapitaMall Erqi for $165.2m
CRCT sells interest in company holding CapitaMall Erqi for $165.2m
It would allow the company to avoid downtime from refurbishing the 15-year-old mall.
Elite Commercial REIT joins the SGX Mainboard
It was listed under the stock code MXNU.
Frasers' subsidiary creates $186.1b multicurrency debt issuance programme
Net proceeds from the issued securities will be used to finance future acquisitions of the company.
Frasers Property to redeem $700m perpetual securities
The redemption price was set at $250,000 for every $250,000 in nominal amount.
Debao Property seeks extension for release of financial results
Some of its key finance personnel were stuck in Wuhan.
Elite Commercial REIT IPO oversubscribed 3.4 times
The IPO is expected to raise about $140.38m.
Chart of the Day: Tech firms beat finance companies in filling office spaces in 9M 2019
The tech sector’s growth was partly attributed to Singapore’s strong IP rights protection.
Office supply to tighten over the next decade
This may allow rents to rise 20% in the CBD over 2020-2022.
Travel ban from China may impact Orchard Road malls
Chinese visitors spent more on consumables compared to the average visitor.
Daily Briefing: Hotels with 2019-nCoV cases to get financial aid; MacPherson Road industrial building sold for $88m
And digital identity software provider GTRIIP bags Series B funding.
Ascendas REIT's NPI up 8.5% to $182.3m in Q3
Its logistics assets in the UK led has the most contributions.
OUE C-REIT's NPI leapt 48.3% to $204.95m in 2019
The growth was mainly attributed to the company’s merger with OUE H-trust.
Keppel Capital forms JV with healthcare firm Australian Unity
It will buy a 100% stake in an Australian REIT for $365,880.
Property investment sales to accelerate across all segments in 2020
Commercial, hospitality, and industrial properties tipped to be investment bright spots in 2020.
Chart of the Day: Multiple-user factory space prices jump 1.2% QoQ
Other regions recorded drop in prices.
Starhill Global REIT's NPI fell 5.9% to $37.2m in Q2
The contraction was attributed to the enhancement works of the Starhill gallery in Malaysia.
Chart of the Day: 2.2 million sqm of industrial space to be completed in 2020
About 80% of the upcoming supply will be for factory space.
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