Posted on May 16, 2008 by lushhomeonline
Following the S$13 million makeover of Anchorpoint Shopping Centre, Frasers Centrepoint Trust has plans to turn its attention to other suburban malls under its stable.
Anchorpoint’s new look appears to be getting the thumbs up from retailers.
Lee Hsien Yang, chairman of Fraser & Neave, said: “Anchorpoint used to be occupied by furniture shops, but I think [...]
Filed under: General, Office / Retail Space, REITS | Tagged: Frasers Centrepoint Trust, REITS, Retail Malls, Singapore REITS, Singapore Retail | No Comments »
Posted on May 12, 2008 by lushhomeonline
Indian developer DLF Ltd will revive and enlarge an initial public offer of its property trust in Singapore because it believes market conditions have improved, two people close to the development said on Monday.
Earlier this year, India’s most valuable property firm had shelved a planned US$1.5 billion IPO for its real estate investment trust (Reit), [...]
Filed under: General, REITS | Tagged: DLF Ltd, India Developers, Indiabulls Properties Investment Trust, Indiabulls Real Estates, REITS, Singapore IPO, Singapore REITS, Unitech | No Comments »
Posted on May 10, 2008 by lushhomeonline
ASCENDAS Real Estate Investment Trust (A-Reit) has emerged as the buyer of Creative Technology’s headquarters building at 31 International Business Park in Jurong East. The price will be $246.8 million.
Creative said in March that it had agreed to sell and lease back the property but did not disclose the buyer’s identity. The deal is subject [...]
Filed under: General, REITS | Tagged: A-Reit, Ascendas Real Estate Investment Trust, Creative Technology, International Business Park, REITS, Singapore REITS | No Comments »
Posted on May 10, 2008 by lushhomeonline
Ascendas Real Estate Investment Trust (A-REIT) is buying a business park building in Jurong for S$246.8 million.
The property at 31 International Business Park is currently owned by multimedia firm Creative Technology.
It has a gross floor area of about 62,000 square metres and a net lettable area of some 50,000 square metres.
It includes three office towers, [...]
Filed under: General, REITS | Tagged: A-Reit, Ascendas Real Estate Investment Trust, Creative Technology, International Business Park, REITS, Singapore REITS | No Comments »
Posted on May 10, 2008 by lushhomeonline
Ascendas Real Estate Investment Trust (A-REIT) is buying a business park building in Jurong for S$246.8 million.
The property at 31 International Business Park is currently owned by multimedia firm Creative Technology.
It has a gross floor area of about 62,000 square metres and a net lettable area of some 50,000 square metres.
It includes three office towers, [...]
Filed under: General, REITS | Tagged: A-Reit, Ascendas Real Estate Investment Trust, Creative Technology, International Business Park, REITS, Singapore REITS | No Comments »
Posted on May 8, 2008 by lushhomeonline
HSBC Bank is extending the lease of its headquarters at Collyer Quay for another seven years after it expires in April 2012.
It will pay $143.1 million to rent HSBC Building until April 2019, said the building’s owner, CapitaCommercial Trust (CCT), yesterday.
CCT will spend up to $7 million on improvement works at HSBC Building. These are [...]
Filed under: General, Office / Retail Space, REITS | Tagged: CapitaCommercial Trust, Collyer Quay, HSBC, HSBC Building, Office Rental, Office Space, Singapore REITS | No Comments »
Posted on May 8, 2008 by lushhomeonline
REAL estate fund management company ARA Asset Management, which was listed on the mainboard late last year, saw net profit soar 137 per cent to $9.2 million in the first quarter ended March 31, 2008.
Total revenue jumped 107 per cent to $17.5 million from $8.5 million a year earlier, mainly on higher management fees from [...]
Filed under: General, REITS | Tagged: ARA Asset Management, Real Estate Fund Management, REITS | No Comments »
Posted on May 7, 2008 by lushhomeonline
ARA Asset Management has posted first-quarter earnings of S$9.2 million, up 137 percent from a year ago.
Revenue more than doubled to S$17.5 million.
The growth was mainly due to higher management fees from its REIT portfolio, as well as higher net property income.
ARA is expecting its asset enhancement initiatives to boost income for the full year [...]
Filed under: General, REITS | Tagged: ARA Asset Management, REITS | No Comments »
Posted on May 7, 2008 by lushhomeonline
Singapore-listed Allco Commercial Real Estate Investment Trust said on Wednesday that it has appointed sales agents to sell its 50 per cent interests in two Australian properties.
The company said in a statement that it had acquired the two properties for $371.1 million (US$272.4 million). — REUTERS
Source : Business Times - 7 May 2008
Filed under: General, REITS | Tagged: Allco Reit, REITS, Singapore REITS | No Comments »
Posted on May 7, 2008 by lushhomeonline
Allco Commercial REIT said on Wednesday it is putting its stakes in two properties in Australia up for sale and has appointed sales agents for these properties.
The properties are Central Park in Perth and Centrelink Headquarters in Canberra. Together, they are valued at around A$483 million or S$624 million.
CB Richard Ellis and Jones Lang LaSalle [...]
Filed under: General, REITS | Tagged: Allco Reit, REITS, Singapore REITS | No Comments »
