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>>
The manager of Eagle Hospitality Trust delivered some scary news to shareholders just before Halloween, revealing to the Singapore stock exchange on Friday that it had received notices of default on loans linked to two of the properties in its… Read More>>
The Monetary Authority of Singapore has seen enough of the ongoing saga of Eagle Hospitality Trust, with the country’s central bank saying on Monday that it aims to remove the manager of the hotel REIT.
In an announcement on its… Read More>>
Hopes for reviving a troubled Singapore hotel REIT have dropped to their lowest setting as security holders in Eagle Hospitality Trust today rejected two of three board resolutions at its annual general meeting, including a motion to raise capital for… Read More>>
AIP Asset Management and Tokyu Land are planning an Australian REIT, providing a path to monetising the Korean investment firm’s Australian property assets including the Red Cross HQ in Sydney and the Louisa Lawson Building in Canberra.
In other news,… Read More>>
Hong Kong-based logistics developer and fund manager ESR, which has $22.1 billion in assets under management, is consolidating its presence in Southeast Asia’s highest value market by merging a pair of Singapore industrial real estate investment trusts it manages in… Read More>>