CapitaLand Commercial Trust’s 1Q2017 DPU rises 9.6% to 2.4 S'pore cents
Distributable income for the quarter grew 9.9% to S$71.3 million, largely contributed by CapitaGreen given CCT’s increase in ownership from 40% to 100% from Aug 31, 2016.
Ascott Residence Trust’s Japan divestment to support potential acquisitions
UOB Kay Hian is reiterating its “hold” recommendation on Ascott Residence Trust (ART) at a target price of S$1.20 following news of the trust’s agreement made last week to divest its trust beneficiary interests of 18 rental housing properties in Japan to Nikko Zenith GK9.
Frasers Centrepoint to acquire European real estate company for S$471.6 mil
Following the acquisition, Frasers Property has also agreed to make an all-cash offer for the remaining 13.44% free-float interest in Geneba at an equivalent offer price of EUR3.67 per depositary receipt.
Ascott Residence Trust to divest interests in Japan rental housing properties for S$153.6 mil
The properties’ apartment units range from 12 units for Zesty Akebonobashi, to 76 units for Gala Hachimanyamai I.
Singaporeans account for 24% of Gramercy Park buyers to date
City Developments Ltd (CDL) has announced positive sales for its 174-unit luxury freehold residential development thus far, with average sales prices ranging from over S$2,600 (RM8,205) to S$2,800 per sq ft.
Consortium of SGX-listed companies to franchise Hilton hotel in UK
A consortium of locally listed companies have entered into a franchise agreement with hotel chain operator Hilton to build a 192-bedroom hotel in Leeds, UK, to be operated under the Hampton by Hilton brand.
Here's why STI investments could see better returns than Singapore’s property market
Taking your chances on Singapore’s Straits Times Index (STI) could be a wiser investment decision than putting your capital in the local property market, says Tata Goeyardi of Religare Capital Markets.
Ascott to build Citadines serviced residences in Brazil
The 92-unit Citadines VN Jardins São Paulo and 122-unit Citadines VN Faria Lima São Paulo are scheduled to open in 4Q2017 and 2020 respectively, both of which will be operated by a local real estate company, Vitacon.
Ascendas REIT completes S$26.5 mil acquisition of Melbourne logistics property
Ascendas Fund Management, the manager of Ascendas REIT, today announced completion of the REIT’s acquisition of Stage 4, Power Park Estate in Melbourne, Australia, from Goodman Dandenong Trust for a purchase consideration of A$24.8 million (S$26.5 million or RM84 million).
Singapore’s property market to benefit from population and economic growth ahead
Singapore’s property market is expected to benefit from a number of government policy changes that have recently begun to take effect, according to recent research data published by JLL.
