Asia real estate and outbound investment news
Manulife US REIT (MUST) has unveiled a recapitalisation proposal involving a $235.7 million lifeline from its sponsor and a hoped-for one-year debt extension from creditors, in an effort to rescue the Singapore exchange’s most over-leveraged property trust.
The bailout includes… Read More>>
OUE Commercial REIT recorded net property income of S$62.7 million ($45 million) in the third quarter, up 29.8 percent from the same period a year earlier, thanks to improved performance by its hospitality assets driven by a recovery in Singapore… Read More>>
Manulife US REIT (MUST) welcomed new leadership on Thursday appointing Marc Feliciano as non-executive chairman as the Singapore-listed REIT struggles through an 81 percent slide in its equity price this year.
Feliciano, who took over as global head of real… Read More>>
Cromwell European REIT has completed the sale of an Italian office campus for €94 million ($99.2 million) as the Singapore-listed trust continues to sell of non-core assets to reduce debt.
After seeing its interest expenses more than double from €4.2… Read More>>
Mainland China’s pilot infrastructure REIT program grew by 80 percent in value during 2022, propelling the economic giant to the fourth spot among real estate investment trust markets in Asia as many of the region’s more development markets saw steep… Read More>>
Singapore-listed CapitaLand Ascott Trust plans to buy a pair of hotels in Europe and a serviced apartment building in Southeast Asia for a total of S$357.8 million ($267.5 million) as it moves to profit from a global travel rebound.
The… Read More>>
Rising interest rates are denting the returns of some of Singapore’s biggest landlords, with CapitaLand Integrated Commercial Trust (CICT) achieving a 1.7 percent uptick in distributable income for the first half of the year as higher financing costs wiped out… Read More>>
Keppel DC REIT’s first-half distribution per unit was nearly flat compared with year-earlier levels, as the Singapore-listed data centre trust reported higher income but steeper finance and electricity costs.
DPU stood at S$0.05051 for the first six months of the… Read More>>
Defaulted mall landlord Dasin Retail Trust notified the Singapore Exchange on Thursday that a proposed memorandum of understanding with a “reputable Chinese entity” has been terminated over concerns about legality and some recent actions taken by Zhang Zhencheng, who together… Read More>>
One of three brothers controlling the sponsor of Singapore-listed Dasin Retail Trust is taking legal action accusing the head of the REIT’s audit and risk committee of unfair treatment in the latest challenge facing the financially troubled trust.
Zhang Zhencheng,… Read More>>
