RENTALS and prices of industrial space in Singapore remained relatively stable in the first quarter of this year compared with the previous quarter, according to the latest data from industrial land and infrastructure agency JTC Corp.
CACHE Logistics Trust reported a slight increase of 0.4 per cent for its first-quarter distribution per unit (DPU) to 1.513 Singapore cents from 1.507 cents a year ago, its manager said on Thursday morning before the market opened.
SUNTEC Real Estate Investment Trust's (Suntec Reit) manager has closed the book of orders for its private placement of new units in the Reit to raise gross proceeds of about S$200 million.
SAVILLS Investment Management (Savills IM) has appointed Alex Jeffrey as its new chief executive officer, the real estate investment manager announced on Wednesday.
THREE adjoining office units at Peninsula Plaza will be put up for sale in an expression of interest exercise on Thursday, at a guide price of S$9.29 million, exclusive marketing agent CBRE said. The exercise closes at 3 pm on May 29.
AIMS Apac Reit (AA Reit) posted a higher distribution per unit (DPU) of 2.75 Singapore cents for its fourth quarter ended March 31, up 4.6 per cent from the year-ago period.
CAPITALAND Retail China Trust (CRCT) posted a distribution per unit (DPU) of 2.59 Singapore cents for the first quarter ended March 31, down 5.8 per cent from 2.75 cents a year ago.
CAPITALAND Mall Trust (CMT) is raising its first-quarter distribution per unit by 3.6 per cent to 2.88 Singapore cents, thanks to a boost in contributions from Westgate Mall, the trust manager announced on Wednesday before the market opened.
INDUSTRIAL landlord ESR Reit saw an 18.9 per cent jump in distribution per unit (DPU) to 1.007 Singapore cents for its first quarter, on the back of contributions from Viva Industrial Trust's properties post-merger.
A critical need for scale - the driver behind the merger between OUE Commercial Reit and OUE Hospitality Trust - is likely to spur more mergers within the real estate investment trust (Reit) sector here.
Pharmaceutical firm Bayer will shift its main office to Paya Lebar Quarter (PLQ) at the end of the year, joining other companies which have taken up space in the mixed-use development such as JLL and SMRT.
REAL estate investment group ARA Group is spinning off US$719.5 million of US hotels under the Hyatt brand into a business trust that it wants to list on the Singapore Exchange (SGX).
THREE adjoining office units at Peninsula Plaza will be put up for sale in an expression of interest exercise on Thursday at a guide price of S$9.29 million, exclusive marketing agent CBRE said.
SUNTEC Real Estate Investment Trust (Suntec Reit) on Wednesday morning reported a slight rise in first-quarter distribution per unit (DPU) to 2.434 Singapore cents from 2.433 cents a year ago.