News about US

SINGAPORE (May 2): The trustee manager of CapitaLand Commercial Trust (CCT) has entered into an agreement to divest One George Street into a concurrently-formed limited liability partnership – One George Street LLP (OGS LLP), which CCT has established with joint venture partner OGS (II), a special purpose vehicle owned by insurer FWD Group.

PETALING JAYA (April 29): Psaros Development Pty Ltd, a subsidiary of Psaros Group, has partnered United Overseas Australia Ltd (UOA Ltd) to develop the East Bank by Psaros apartment project in Perth, Australia.

SINGAPORE (April 28): Unitholders of Sabana Shari’ah Compliant Industrial Real Estate Investment Trust will vote today on booting out the REIT’s manager, and perhaps winding up the whole entity.

SINGAPORE (April 27): The manager of Mapletree Logistics Trust (MLT) has declared a distribution per unit (DPU) of 1.

KUALA LUMPUR (April 27): Focus Dynamics Group Bhd (formerly known as Focus Dynamics Technologies Bhd) has introduced its latest food and beverage (F&B) and lifestyle hub called The Arch, on Jalan Tun Razak, Kuala Lumpur.

SINGAPORE (April 26): DBS Vickers Securities continues to rate Frasers Centrepoint Trust (FCT) at “buy” with an unchanged target price of S$2.

THE TEP360 seminar on April 8, entitled “Navigating through turbulent times”, was attended by about 350 participants.

SINGAPORE (April 20): RHB has downgraded its call on CapitaLand Commercial Trust (CCT) from “buy” to “take profit”, recommending investors to lock in profits and re-enter at lower levels now that the units of the trust are currently hovering close to the research house’s target price of S$1.

SINGAPORE (April 20): Frasers Centrepoint’s Australian division and JV partner is selling Sydney’s Four Points by Sheraton hotel in Central Park and some associated office space for nearly A$190 million (S$199 million or RM626.

SHAH ALAM (April 19): Property developer S P Setia Bhd has launched a differential sum loan scheme that offers interest rates from 5.