US developer and investment firm Hines has made its first acquisition in the Singapore market, teaming up with German fund manager DWS Group to buy a ramp-up workshop in the Bukit Batok area from a Blackstone-controlled trust for S$93.8 million… Read More>>
Investment in Singapore’s real estate market is projected to drop by up to 22 percent this year after the city-state notched S$25.8 billion ($19 billion) in total deals in 2021, as the impact of residential cooling measures kicks in and… Read More>>
Less than a week after Mapletree Investments proposed to merge two of its commercial REITs, Moody’s Investors Service has placed Mapletree Commercial Trust under review for a potential credit rating downgrade as MCT’s Temasek Holdings-backed sponsor works to sell the… Read More>>
Delhi’s top court has rejected a plea from a retail unit of billionaire Kishore Biyani’s Future Group to quash Singapore arbitration proceedings filed by e-commerce giant Amazon, dashing the troubled Indian retailer’s hopes to overturn a case that… Read More>>
Mapletree Investments is proposing to merge Mapletree Commercial Trust (MCT) and Mapletree North Asia Commercial Trust (MNACT) in a S$4.22 billion ($3.13 billion) deal which would create Asia’s seventh-largest REIT.
If shareholders approve, the merger would establish Mapletree Pan Asia… Read More>>
With a fresh round of cooling measures having dealt a fresh blow to a company still reeling from a S$1.9 billion (now $1.4 billion) loss last year, City Developments Ltd (CDL) has turned to the family for some help.
The… Read More>>
GuocoLand’s group chief financial officer Gregory Sim Chee Wah has stepped down after a year and a half of service to pursue personal endeavors, the Singapore-listed developer announced Wednesday, with the departure coming half a year after the developer named… Read More>>
Keppel DC REIT has added a third UK property to its portfolio through a £57 million ($76.45 million) acquisition announced this week, as it faces new competition on the Singapore Exchange.
The Singaporean trust has agreed to buy a freehold… Read More>>
Neil Bush is selling his minority stake in a Singapore property developer controlled by a long-time business partner and Bush family booster, according to a filing with the Singapore Exchange, with the younger brother of former US President George W… Read More>>
Singapore’s CapitaLand Integrated Commercial Trust Management Limited (CICT) is set to buy a half stake in a North Sydney commercial complex from fund management giant Nuveen for A$422.0 million ($305 million), in a deal marking the acquisition of its third… Read More>>