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, Tokyu Land to List Aussie Assets on SGX and More Asia Real Estate Headlines
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>>
Singapore’s ESR REIT to Merge with Sabana REIT in S$397M Deal
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>>
Pair of Singapore REIT Probes Fail to Shake Investor Confidence
Investigations have been launched into trust managers or executives involved in the management of two Singapore-listed real estate investment trusts, or S-REITs, since the beginning of June, but investors appear unperturbed by the government intervention or by the possibility of… Read More>>
SGX-Listed Eagle Hospitality Trust Reveals Fresh Defaults, Liens
Cash-strapped and handcuffed by the pandemic, Eagle Hospitality Trust announced its latest series of defaults and litigation in a filing to the Singapore Exchange on Sunday.
EHT, comprised of Eagle Hospitality REIT and Eagle Hospitality Business Trust, said that the… Read More>>
CDL-Tikehau Partnership Buys Control of European Office REIT From Tong Jinquan
City Developments Limited has aligned itself with Paris-based asset manager Tikehau Capital and the family office of Singapore billionaire Arvind Tiku in set of transactions that takes their combined holdings in IREIT Global to over 50 percent, according to an… Read More>>
Singapore Hotel REIT Ditches Distribution Payment After $341M Default
Eagle Hospitality Trust on Tuesday informed its investors that it has shelved a distribution payment due to security holders, after defaulting on a $341 million loan facility.
The managers of the SGX-listed real estate investment trust announced to the stock… Read More>>
ARA Sells Stake in Singapore Logistics REIT to Logos Property
Warburg Pincus-backed ARA Asset Management has agreed to sell its entire 10 percent stake in a Singapore-listed logistics REIT to Logos Property, parting with its ownership in the real estate trust’s manager as part of the same transaction, according to… Read More>>
Frasers REIT Managers Propose S$5.7B Supersized Singapore Merger
The managers of a pair of Frasers Property-sponsored real estate investment trusts have agreed to the terms of a merger, which if approved by their unit holders, will result in a single REIT with a portfolio valued at S$5.7 billion… Read More>>
Far East Consortium Said to Mull S$500M Singapore REIT Listing
Hong Kong developer Far East Consortium International Ltd (FEC) is reportedly mulling a Singapore listing for a real estate investment trust that could raise up to S$500 million ($365 million). The potential sale of trust units, which could occur as… Read More>>
