In today’s roundup of regional news headlines, China’s bid to boost home sales during the Labour Day holiday week falls flat, Shanghai’s state-backed landlords suspend rent collection from tenants for up to six months, and Singapore-listed OUE Commercial REIT aims… Read More>>
OUE Commercial REIT Names Former BNP Paribas Exec as New Chief
Just under a month after the sudden resignation of its chief executive, the manager of Singapore-listed OUE Commercial REIT has found a new pilot for the S$2.39 billion ($1.75 billion listed trust, according to an announcement Monday evening.
The owner… Read More>>
OUE Commercial REIT CEO Tan Shu Lin Resigns From Singapore-Listed Trust
The revolving door continues to whirl at Singapore’s real estate investment trusts, with OUE Commercial REIT becoming the latest to announce the resignation of its top executive.
Tan Shu Lin, who has served as chief executive and executive director at… Read More>>
Swiss Bank Joins Exodus From Hong Kong’s Central and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Swiss private bank Julius Baer makes plans to move from its base in Hong Kong’s Central to Quarry Bay, China’s SF Holdings launches the $340 million IPO of its spinoff REIT, and renewed… Read More>>
Allianz Fund in Talks to Buy Half-Stake in Singapore’s OUE Bayfront
A half-slice of one of Singapore’s premier office towers may be soon to change hands, with OUE Commercial REIT confirming today that it is in exclusive discussions regarding a potential sale of a stake in the OUE Bayfront complex on… Read More>>
Lippo’s OUE Sells Los Angeles Tower for $430M – 34% Below Book Value
OUE Limited, the Singapore-based property developer controlled by Indonesian conglomerate Lippo Group, said Friday that it has agreed to sell the iconic US Bank Tower in Los Angeles for $430 million.
The SGX-listed developer is selling the property to USBT… Read More>>
GIC Closes in On Oxford Fairmont Hotels Deal and More Asia Real Estate Headlines
A Canadian hotels portfolio leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that Singapore’s sovereign wealth fund is in advanced talks to acquire a stake in the $1.5 billion set of North American… Read More>>
Singapore’s OUE Proposes S$6.8B Merger of Commercial, Hotel REITs
A pair of Singapore-listed property trusts affiliated with Indonesia’s Riady family may soon be merged, according to a deal proposed today by the managers of OUE Commercial REIT and OUE Hospitality Trust.
Under the proposal, unit holders in OUE Hospitality… Read More>>
OUE Selling OUE Downtown Offices to OUE C-REIT for S$908m
Property developer OUE is selling the office component of its 1.24 million square foot (115,000 square metre) OUE Downtown complex to OUE Commercial Real Estate Investment Trust (OUE C-REIT) for S$908 million ($661 million), according to a recent announcement by… Read More>>