Manulife US REIT has agreed to sell a California office building for $117 million, with the Singapore-listed trust planning to use proceeds from the disposal to repay all loans due in 2025.
MUST will tap existing cash and the net… Read More>>
Mapletree Logistics Trust Selling Trio of Malaysia Assets for $36M
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’s CICT Boosts Distributable Income 3.7% in 1H on Strong Leasing
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 1H Net Property Income Up 3.9% on Acquisitions, Completions
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 1H Gross Profit Up 12% as RevPAU Exceeds Pre-Pandemic Levels
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>>
Gordon Tang Family Set to Take Over as ARA US Hospitality REIT Sponsor From ESR
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 Admits Errors in Sabana REIT Manager Fight in Settlement with ESR
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>>
Manulife US REIT CEO Tripp Gantt to Depart in June
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 Upping Stake in Frankfurt Data Centre to 49.9% With $129M Buy
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>>
Singapore’s Keppel REIT in Talks to Buy Half-Stake in Sydney Tower From Mirvac
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>>
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