Commercial Property
SPH profits dropped 19.7% to $281m in FY 2018
SPH profits dropped 19.7% to $281m in FY 2018
Operating revenue from the media segment slipped 9.6% to $725.4m.
GIC to buy office tower in Paris for $741m
It has a gross lettable area of 64,500 sqm.
SPH REIT's acquisition of Seletar Mall could boost firm's DPU by 5% per annum
The acquisition cost is estimated at $500m.
SPH REIT's NPI down 1.9% to $40.98m in Q4
DPU inched up 0.7% to $0.143.
En bloc sales collapsed 90.71% to $353m in Q3
Total property sales crashed 42% to $6.5b.
Mapletree Logistics Trust likely to expand footprint into new markets
Mapletree Investments just recently bought a logistics portfolio worth $1.54b in Europe and the US.
Daily Briefing: Technologists harder to keep in Singapore's tight job market; 59 shop units in Ming Arcade up for sale at $51m
And printing startup Gogoprint raises $10.67m.
Chart of the Day: Here are the rates of flexi-space dedicated desks in CBD
Raffles Place rates are the priciest at $800.
Chart of the Day: Where are the flexible workspaces in the CBD?
Operators are ramping up their presence in Orchard Road and Beach Road.
Check out the largest co-working spaces in Singapore
One operator offers rates as low as $255 per month.
CapitaLand bags $300m sustainability loan
It can be used for general corporate purposes and not just for specific projects.
Mapletree buys logistics portfolio for $1.54b
They have a total area of 16.5 million sq ft.
UK acquisitions could boost Ascendas REIT
The shift towards online retail sales works to the advantage of logistics take-up.
CapitaLand buys 50% of co-working operator The Work Project for $27m
The operator will also occupy levels in Capital Tower and Asia Square Tower 2.
Three floors at Cecil Street office up for bulk sale
The Octagon has an indicative price of $45.5m.
Keppel in joint venture to buy Indian site for $76.27m
It aims to construct a retail and office facility.
Ascendas Reit to buy UK logistics properties for $459m
They have a gross internal area of 266,184 sq m and a full occupancy rate.
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