Commercial Property

Elite Commercial REIT prices IPO at $1.21 apiece

Its initial portfolio comprises 97 commercial buildings in the UK.

CapitaLand closes six malls in China amidst novel coronavirus outbreak

Local governments in Wuhan and Xi’an cities required the closure.

MLT to acquire Japan logistics centre for $272.5m

The company aims to fill the market gap of grade A logistic properties in Japan.

MIT's next buy could be Mapletree's stakes in US data centres: analyst

Data centres could feature more strongly in its deal pipeline.

NUS researchers withdraw claims on developers' insider trading

The university recently released a study asserting that developers exchange information on bids during golf time.

Diversification to ease headwinds for Mapletree Logistics Trust

Most of its tenants have been cautious on expansionary plans.

Industrial space rents inched up 0.1% in Q4 2019

Easing of rents during the quarter was attributed to the large pool of stock in the west region.

Frasers property buys London office asset for $238m

Bedfont lakes holdings will become an indirect wholly-owned subsidiary of the firm.

Lease renewals favourable for FCT's growth: analysts

About 81% of these leases are located in its four major malls.

Keppel Corp's profits crashed 25.5% to $706.98m in 2019

Its other operating income plunged 67.1% partly from lower gains from disposing subsidiaries.

Chart of the Day: Retail space pipeline until 2022 to hit 602,000 sqft

Supply per year falls far behind the past three-year average of 1 million sqft.

Retail space rents grew 2.3% in Q4 2019

Even with a quarterly increase, a rental gap could emerge as landlords shake up tenant priorities.