Commercial Property
Revamp works to weigh on CapitaLand Commercial Trust's income
Revamp works to weigh on CapitaLand Commercial Trust's income
It could lose $23m-$25m of income if 21 Collyer Quay is closed for a year.
Higher renewed rents could uplift Keppel REIT
Its Singapore portfolio also enjoys a committed occupancy of 98.9%.
104-year-old mid-rise Leshan Gardens up for sale
There is potential for 50 new residential units upon redevelopment.
CapitaLand Commercial Trust's $220m private placement five times oversubscribed
The new units will start trading on SGX-ST on 29 July.
Six adjoining freehold conservation shophouses at Joo Chiat Road for sale
The shophouses have a maximum allowable gross floor area (GFA) of approximately 22,200 sqft.
Daily Briefing: WeWork to take over lease of HSBC building in Collyer Quay;Travelstop secures $4.08m in pre-series A funding
And residential development Sophia View marked as the first en bloc sale in 2019.
Chart of the Day: Factory tenancies climbed 2% YoY to 1,635 units
But demand is expected to remain soft brought by the weakening manufacturing sector.
Keppel-KBS US REIT's NPI climbed 27% to $49.2m in H1
It was supported by its acquisition of The Westpark Portfolio and Maitland Promenade I.
CapitaLand Commercial Trust NPI up 2.1% to $158.2m in H1
The acquisition of Galileo has offset the impact of the Twenty Anson divestment on its revenues.
Keppel DC REIT's NPI up 19.9% to $86.49m in H1
Contributions from its Germany and Singapore acquisitions drove up its earnings.
CapitaLand Commercial Trust to buy 94.9% interest in German freehold office for $387.1m
MAC is a multi-tenanted office with a total net lettable area (NLA) of approximately 60,200 sqm.
Frasers Property bags $714.89m term loan
It comprises a $476.59m five-year green loan tranche and a $238.30m five-year tranche.
Office rents in Q2 rose 1.5%
Gross effective rents hit $10.79 psf pm.
Chart of the Day: Outbound property investment from Singapore hit $9.6b in H1
Office properties accounted for the highest investment sales volume at $6.4b.
Keppel Infrastructure Trust back into the black as Q2 profit hit $15.9m
Revenue ballooned to $418.02m from $142.9m in Q2 2018.
Suntec REIT buys Australian freehold Grade A office for $141.51m
The 12-storey property has an NLA of 282,000 sqft and a committed occupancy of 91.6%.
Keppel REIT NPI dropped 28.1% to $31.06m in Q2
It was dragged by the lower one-off income from Ocean Financial Centre.
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