real estate

Vibrant Group acquires ASX-listed thermal coal producer for $40 mil

SINGAPORE (July 13): Vibrant Group has acquired Blackgold International Holdings, a China-based thermal coal producer listed on the Australian Securities Exchange (ASX), for a consideration of A$36.6 million ($40 million).

Global Markets

Tiny apartments fuel self-storage boom in crowded Hong Kong

HONG KONG (July 12): People often complain about Hong Kong’s notoriously tiny apartments, but for investors like Blackstone Group LP, opportunity can be found in small places.

Broker's Calls

Share swap deal to have positive impact on UOL Group

SINGAPORE (June 27): OCBC Investment Research and CIMB Research are positive on news of UOL group’s share swap deal with Haw Par Corp, through which UOL will issue 27.3 million new shares in exchange for 60 million UIC shares owned by Haw Par.
From Google Drive

Disruption of media industry keeps SPH on ‘hold’ despite Bidadari win

Disruption of media industry keeps SPH on ‘hold’ despite Bidadari win
From Bloomberg

The US$100 bil city next to Singapore has a big China problem

(June 23): The US$100 billion ($138.7 billion) city rising from the sea next to Singapore has hit a roadblock: China’s capital controls.

Property

Straits Trading buys stake in Sydney office building for $123 mil

SINGAPORE (June 6): Straits Real Estate, a subsidiary of Straits Trading Company, is investing roughly A$119 million ($122.7 million) for a stake in a 32-storey office building located at 320 Pitt Street in Sydney, Australia.

Broker's Calls

Divestment of Innov Tower to further boost Capitaland’s earnings for FY17F

SINGAPORE (June 6): DBS Vickers Securities is maintaining its “buy” call on Capitaland with a target price of $4.33.

Property

Mapletree acquires portfolio of US & Canada assets worth $2.2 bil

SINGAPORE (June 2): Mapletree Investments, the Temasek-backed property development, investment and capital management company, acquired a portfolio of assets from Kayne Anderson Real Estate Advisors worth US$1.6 billion ($2.2 billion).

Broker's Calls

3 property developers to snap up with the impending market uptick

SINGAPORE (May 30): Maybank Kim Eng Research is turning positive on Singapore’s property developers with expectations of a potential rebound in property prices, even without further policy easing.

Property

BBR Holdings to purchase Bukit Timah property for $101.5 mil

SINGAPORE (May 25): Construction and engineering group BBR Holdings has announced that its 62%-owned subsidiary, Alika Properties, today exercised its option to purchase a four-storey mixed-use development known as the Goh & Goh Building for a cash consid
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