CapitaLand Integrated Commercial Trust saw its net property income grow to S$1.15 billion ($850 million) in 2024, up 3.4 percent from the previous year, as strong tourism in Singapore and limited supply of retail space bode well for the REIT’s… Read More>>
CapitaLand Investment Shifts Tan to Commercial REIT, Hires Yong to Lead Malaysia Trust
Singapore’s CapitaLand Investment is moving the boss of its Malaysia REIT, Tan Choon Siang, to a new role as deputy CEO at CapitaLand Integrated Commercial Trust, effective 1 February.
Tan is to assist CICT CEO Tony Tan in managing all… Read More>>
CapitaLand Commercial REIT Sells WeWork-Leased Singapore Tower for $510M
CapitaLand Integrated Commercial Trust sold its 21 Collyer Quay office tower in Singapore’s Raffles Place to an undisclosed buyer on Monday for S$688 million ($510.8 million), the SGX-listed REIT’s manager announced Tuesday.
The sale price is equal to an independent… Read More>>
Crypto Kingpin’s Singapore Mansion Sold for $38M and More Asia Real Estate Headlines
The wife of disgraced Three Arrows Capital co-founder Zhu Su has completed the sale of a Singapore mansion, with that disposal leading today’s headline roundup. Also making news, a Sentosa plot once belonging to a money launderer changes hands and… Read More>>
IKEA Opens $1B Shanghai Shopping Mall and More Asia Real Estate Headlines
Swedish furniture giant IKEA cuts the ribbon on its new Shanghai mall, with that story leading today’s headline roundup. Also making the list, WeWork’s India exit plan goes awry and a tender for Singapore’s Roxy Square ends with no bids.
CapitaLand Selling Singapore Mall Stake for $1.4B and More Asia Real Estate Headlines
Singapore’s CapitaLand Investment leads today’s headline roundup as the Temasek-backed firm offloads its half-stake in the ION Orchard luxury mall. Also making the list, India’s Reliance plans a huge data centre in Gujarat and an Aussie fund sells a Brisbane… Read More>>
BlackRock Set to Buy Citadines Raffles Place From CapitaLand JV for Circa $222M
The world’s largest asset manager is set to pick up its second Singapore residential property this year as a deal for Citadines Raffles Place enters the final stages, according to sources familiar with the discussions who spoke with Mingtiandi.
BlackRock… Read More>>
CapitaLand’s CICT Boosts Distributable Income 3.7% in 1H on Strong Leasing
CapitaLand Integrated Commercial Trust posted first-half distributable income of S$366.5 million ($277 million), up 3.7 percent year-on-year, as strong leasing countered missing revenue from an under-renovation German property.
SGX-listed CICT’s distribution per unit for the six months to June rose… Read More>>
$98M Singapore Bungalow Buy Linked to Hillhouse Boss and More Asia Real Estate Headlines
Two adjoining bungalows on Singapore’s Belmont Road change hands for a total of $97.8 million, with that story leading Mingtiandi’s headline roundup today. Also making the list, the People’s Bank of China cuts a key interest rate and Singapore-listed CapitaLand… Read More>>
Keppel DC REIT Distributions Drop 13.7% and More Asia Real Estate Headlines
The challenges of what was once Asia’s hottest listed trust lead today’s roundup of real estate headlines, with Keppel DC REIT announcing a dip in distributions. Also in the news, CapitaLand’s largest commercial REIT reports higher distributions, and the holding… Read More>>
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