Commercial Property
Property investment sales jumped 34% to $6.3b in Q1
Property investment sales jumped 34% to $6.3b in Q1
State tenders surged to $3.1b from $110m in Q4 2018.
Chart of the day: Number of tenancies for single-user factory hit 130 in January-February
Overall, the industrial property market has stayed largely flat during the quarter.
Keppel REIT net property income up 0.3% to $31.31m in Q1
It was saved by higher one-off income that was offset by lower incomes from properties.
UBS Singapore to occupy 9 Penang Road by 2020
The building will house 4,000 staff and the bank’s in-house university.
S-REITs' slashed exposure to CWT properties even before CWT International's default
AIMS APAC REIT, of which CWT is a major tenant, has chosen a partial master-leased structure for selected assets instead of a full one.
Chart of the day: Public property investment sales soared from $110m to $3.1b in Q1
This supported the growth of total investment sales which rose by 34% to $6.3b in Q1.
Daily Briefing: Deals buoy commercial property sector in Q1; Singapore lifts passport stamp requirements on departing foreigners
And Go-Jek poaches an ex-Bain consultant from Apple as VP of strategy and planning.
SPH REIT's Q2 results get boost from Australia buy
It bought 85% of Figtree Grove Shopping Centre at a post-cost yield of 5.7%.
Property investment sales dropped 52% to $5.3b in Q1 2019
The 82% YoY drop in residential investment sales contributed the most to the decline.
Keppel DC REIT's NPI up 26.8% to $43.23m in Q1 2019
The firm's data centre buys in Germany and Singapore pushed up earnings.
MapleTree Logistics Trust to sell five warehouses in Japan for $213.3m
These properties include Gyoda Centre, Iwatsuki B Centre, Atsugi Centre, Iruma Centre and Mokurenji Centre.
Daily Briefing: Vietnamese challenger threatens Olam's cashew dominance; Carousell to buy Philippine online marketplace OLX
And a commercial building in Joo Chiat Road is up for sale at $20m.
S-REIT mergers to intensify after OUE deal
Potential merger candidates include trusts worth $1b and below.
Is bigger always better? OUE's mega-merger fails to soothe investor jitters
Investors usually opt for a REIT purely focused on a particular sub-asset class.
Daily Briefing: CapitaLand's Ascott adds 14 new global properties; Air taxis to be trialed in southern Singapore
And data centre startup AirTrunk bags $450m to build first Singapore facility.
Frasers Tower sale could boost Frasers Property's EPS by $0.17-$0.20
The potential disposal could push ROE towards 10%.
This experiential pop-up store selling plants took over Hermes' space in Scott's square
More experiential store offerings are in the pipeline with the launch of Decathlon’s Singapore Lab, Don Don Donki’s freshly baked meals, and Home Fix...
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