CAPITAMALL Trust (CMT) became Singapore's first listed real estate investment trust (Reit) in July 2002. In its first 5 full years as a listed entity, distribution per unit (DPU) rose 66 per cent between 2003 and 2007, or a compound annual growth rate of nearly 14 per cent. Acquisitions and asset enhancements were the 2 most important drivers of DPU growth for CMT in its early years.
GIC and Australian-listed property group Charter Hall on Dec 6 announced their establishment of a joint venture to acquire the 50 Marcus Clarke office building in Canberra, Australia, for A$335 million (S$322 million).
A RESURGENCE of Asia-Pacific hotel investment sales is on the cards as more buyers eye the current environment as an opportunistic time to snag assets, although bid-ask spreads threaten to crimp deal volumes.
CHINESE developer Sunshine 100 China Holdings has defaulted on US$178.9 million of debt and interest payments due Sunday (Dec 5), as the direct fallout of the woes of property companies in China continues to impact investors in Singapore.
THE divestment of Central Square by Far East Hospitality Trust (FEHT) for S$313.2 million would unlock significant value for unitholders, as it would minimise income drag and free up capital and balance-sheet capacity for the real estate investment trust (Reit) to pursue other acquisitions, said DBS Group Research.
CAPITALAND Integrated Commercial Trust's (CICT) indirectly wholly-owned subsidiary has entered into a unit sale agreement to acquire 2 Grade A office buildings in Sydney, Australia for A$330.7 million (S$330.7 million).
FRASERS Logistics & Commercial Trust (FLCT) is proposing to divest a leasehold property in Port Melbourne, Victoria, Australia, for a consideration of A$42.5 million (S$41.7 million).
WHEN it comes to investing in China, patience is probably what is needed. Economists say the mainland's strict lockdown measures could drag on until the end of the first quarter of 2022. Corporate earnings could be further revised lower, but the medium-term outlook looks rosier as China places more emphasis on the quality of growth rather than quantity.
PROPERTY developer City Developments Limited (CDL) will acquire Central Square for S$315 million as part of plans to redevelop its Central Mall properties and the surrounding area into a mixed-used lifestyle hub.
FREEHOLD hilltop condominium Gloria Mansion, located at 292 Pasir Panjang Road, is back on the market with a reserve price of S$69 million, exclusive marketing agent Strata AMC told The Business Times.
THE Singapore shophouse market has had a bumper year, with some 217 transactions totalling S$1.53 billion in the year to date, surpassing the previous high of S$1.46 billion in 2018.
THE escalation in prices of conservation shophouses this year amid strong demand and limited stock has tempted some buyers to flip these heritage properties for quick gains.
THE global Covid-19 pandemic has accelerated the world's shift to a hybrid working model - a transformation that is expected to save not just the environment but also money for businesses, while imparting a host of benefits to employees that might lead to a more engaged workforce.
THIRD time is the charm for freehold development La Ville which was sold via collective sale on its third attempt to Hong Kong-listed ZACD Group for S$152 million - above its reserve price.
CHUAN Park Condominium at 240 to 250 Lorong Chuan has closed its tender and is currently "in a private treaty negotiation process", said appointed marketing agent ERA.
MAPLETREE Investments has closed its third private fund of the year, Mapletree US Logistics Private Trust (Muslog), at a total fund equity of US$1.4 billion.
INDUSTRIAL real estate investment trusts (Reits) should look into redevelopment projects or asset enhancement opportunities as their "next leg of growth", DBS Group Research said.
UOB Kay Hian (UOBKH) raised its target price for Keppel Reit to S$1.52 from S$1.25 previously, as it increased its distribution per unit (DPU) estimates for the real estate investment trust (Reit) following its agreement to acquire a Grade A freehold office building in Sydney, Australia.
MANULIFE US Real Estate Investment Trust (Manulife US Reit) (BTOU)'s private placement closed about 2 times covered and was priced at US$0.649 per new unit.
FRASERS Logistics & Commercial Trust (FLCT), through its wholly-owned subsidiary, has acquired a prime freehold warehouse property to be developed at Worcester Six, a new business park in the UK, for an all-in maximum consideration of £28.3 million (S$51.5 million).
GOLDEN Mile Complex has been put up for sale in its second collective sale attempt at a reserve price of S$800 million, said sole marketing agent Edmund Tie & Company on Tuesday (Nov 30).
THE Urban Redevelopment Authority (URA) has released for sale 2 residential sites at Pine Grove (Parcels A & B), it said in a statement on Tuesday (Nov 30).
Manulife US Reit to acquire properties in Arizona and Oregon for US$201.6m; proposes private placement to raise US$80m
MANULIFE US Real Estate Investment Trust (Manulife US Reit) (BTOU) announced on Tuesday (Nov 30) that it would acquire 3 properties in Arizona and Oregon, US, for US$201.6 million.
KEPPEL Reit's wholly-owned subsidiary has entered into an agreement to acquire and develop a Grade A freehold office building in Sydney, Australia for A$327.7 million (S$322.2 million).
IREIT Global has secured a 5-year lease from a tenant for 5 floors of office space in its Munster Campus building in Germany, the real estate investment trust's (Reit) manager said on Friday (Nov 26).