Asia real estate and outbound investment news
Mapletree Logistics Trust has agreed to sell three warehouse properties in Malaysia for a total of MYR 157.5 million ($36.4 million), as the Singapore-listed REIT continues to overhaul its portfolio through what it terms selective divestments.
The trio’s highest-value asset… Read More>>
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>>
CapitaLand Ascendas REIT (CLAR)’s net property income increased 3.9 percent year-on-year to S$528.4 million during the first six months of the year, with the trust’s manager attributing the growth to contributions from last year’s acquisitions and newly completed properties.
SGX-listed… Read More>>
CapitaLand Ascott Trust (CLAS) achieved a 12 percent year-on-year increase in gross profit during the first six months of the year, with the hospitality trust’s managers attributing the Singapore-listed REIT’s improved performance to sustained demand for accommodation and rising room… Read More>>
Mysterious mainland investor Gordon Tang and his wife Celine are set to expand their empire of Singapore real estate companies with the Tang family set to take control of the manager of ARA US Hospitality Trust at the same time… Read More>>
Activist investor Quarz Capital, which last year helped persuade investors in SGX-listed Sabana REIT to internalise the trust’s manager, now admits that the cost savings estimates it used to sell that campaign to investors were “incorrect and an error”.
Having… Read More>>
Tripp Gantt is stepping down as CEO of Singapore-listed Manulife US REIT, with a veteran of asset manager DWS set to succeed him in a dual role of chief executive and chief investment officer at the loss-making office trust.
Gantt… Read More>>
Digital Core REIT will exercise its option to acquire a further 24.9 percent interest in a Frankfurt data centre from its sponsor, US server-hosting giant Digital Realty, for €117 million ($128.7 million), bringing the Singapore-listed trust’s stake in the German… Read More>>
Keppel REIT continues to ramp up its presence Down Under with the Singapore-listed trust now in talks to buy into an office tower near Sydney’s Circular Quay owned by a Mirvac fund, according to market sources.
Keppel REIT is in… Read More>>
CapitaLand Integrated Commercial Trust posted second-half distributable income of S$362.5 million, up 2.1 percent year-on-year, bringing the REIT’s full-year payout to S$715.7 million ($532 million), up 1.9 percent.
Singapore-listed CICT’s distribution per unit for 2023 was 10.75 Singapore cents, up… Read More>>
