Singapore’s NTUC Enterprise is continuing the sell-down of its property holdings with a deal to dispose of an office building near Dhoby Ghaut MRT interchange for S$147 million ($109 million), according to sources familiar with the transaction who spoke with… Read More>>
Singapore’s NTUC Marketing Office Building for $118M as Divestments Continue
Singapore’s Income Insurance has put the Prinsep House commercial block in Dhoby Ghaut up for sale at an asking price of S$157 million ($118.3 million), marking the latest in a string of asset disposals by the NTUC Enterprise group of… Read More>>
Singapore’s Income Insurance Hires CBRE IM to Manage $3B Real Estate Portfolio
Singapore’s Income Insurance has tapped CBRE Investment Management to manage its $3 billion real estate portfolio, according to a statement on Wednesday, with the news coming just two weeks after its sister company, Mercatus Co-operative, sold a pair of malls… Read More>>
Link REIT, Frasers Vie for $2B Singapore Mall Portfolio as Headwinds Build
A tender for a set of Singapore malls is down to two contenders, with SGX-listed Frasers Property and Hong Kong’s Link REIT battling it out for the assets belonging to Mercatus Co-operative, in what would be the city’s biggest property… Read More>>
Singapore’s Mercatus Said Marketing Stake In $790M Sydney Office Tower
Singapore’s Mercatus Co-operative is continuing to sell down its real estate portfolio, with sources familiar with the company’s plans saying that it is preparing to sell off a one-third interest in a Sydney office tower which it acquired just over… Read More>>
Singapore’s NTUC Nears Sale of $3.7B in Retail, Office Assets
Singapore’s NTUC Enterprise Co-operative Ltd is close to selling off the majority of its Singapore real estate portfolio with its property arm marketing S$4.15 billion ($3 billion) in suburban malls at the same time that its insurance division is mulling… Read More>>