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>>
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>>
US-based Digital Realty is putting the finishing touches on the IPO of a global data centre REIT with a view to raising $600 million, a capital haul that could overtake the recently-listed Daiwa House Logistics Trust as Singapore’s largest initial… Read More>>
Units of Daiwa House Logistics Trust began trading Friday afternoon on the Singapore Exchange after the Japan-focused industrial REIT’s IPO proved a smash hit with investors.
Priced at S$0.80 per unit, the public offering comprised an international placement of 219,438,000… Read More>>
As REITs grow in popularity across Asia, Mingtiandi spoke with REIT trustee market leaders at Deutsche Bank in Hong Kong and Singapore about the opportunities awaiting investors post-pandemic in the Greater Bay Area and beyond.
The REIT − or real… Read More>>
In today’s roundup of regional news headlines, US-based Digital Realty reportedly considers a trust IPO in Singapore, casino giant Las Vegas Sands is hit with a $12 billion lawsuit in Macau, and ESG-linked borrowing soars to a record high in… Read More>>
The liquidation of Singapore’s Eagle Hospitality Trust has started raising some hard cash as Asia’s most beleaguered REIT on Monday announced the sale of five US hotels for an aggregate consideration of $155.4 million.
The five hotels among 15 EHT… Read More>>
Warehouses lead today’s collection of property news from around Asia, as ESR’s Korean REIT purchases a fully-leased warehouse from its sponsor.
Also in the headlines, New World has sold out the latest phase of a project in the New Territories,… Read More>>
SGX-listed City Developments Ltd on Friday said it had applied for an initial public offering of a real estate investment trust that will own commercial assets located in the UK.
The official statement confirmed rumours that had been building for… Read More>>
Eagle Hospitality Trust announced on Tuesday that a distressed-debt specialist had entered into a preliminary “stalking horse” agreement with entities holding 15 of its US hotel properties as the SGX-listed trust seeks an orderly disposition of the assets, which are… Read More>>