redevelopment

CDL announces plans for Central Mall after $315m acquisition of Central Square - THE EDGE SINGAPORE

Deals, joint ventures & alliances

CDL announces plans for Central Mall after $315m acquisition of Central Square

CDL says it will turn Central Mall, along with its surrounding area (including Central Square) into a mixed use development.

REITs

Liang Court redevelopment: a win-win situation

SINGAPORE (Dec 13): The redevelopment of Liang Court will not only benefit CDL Hospitality Trusts (CDLHT) and Ascott Residence Trust (Ascott REIT) but also City Developments (CDL) and its joint-venture (JV) partner CapitaLand.

Investing ideas

Which REIT will benefit from the transformation of Greater Southern Waterfront?

SINGAPORE (Aug 20): Singapore is pushing up its plans to transform the Greater Southern Waterfront (GSW) into the next trendy place to live, work and play.
AA REIT secures 10-year master tenant for 3 Tuas Ave 2 property

Property

AA REIT secures 10-year master tenant for 3 Tuas Ave 2 property

SINGAPORE (July 18): A master tenant has been secured for its property at 3 Tuas Avenue 2, says the manager of AIMS APAC REIT (AA REIT), and it will be occupy the entire premises of about 268,000 sf.

Property

The Excelsior in Hong Kong to close at end March for US$650 mil redevelopment

SINGAPORE (Oct 9): The Excelsior, Hong Kong will close on March 31 2019 for redevelopment, says owner and operator Mandarin Oriental International.

Property

Chip Eng Seng acquires Adelaide property for $14.6 mil in IPT to redevelop into hotel

SINGAPORE (July 2): Chip Eng Seng says that its newly incorporated wholly-owned subsidiary is acquiring a property located at 51 Pirie Street in Adelaide, Australia for A$14.5 million ($14.6 million).

Property

Oxley appointed by Irish government to redevelop land at Dublin's Connolly Station

SINGAPORE (May 9): Oxley Holdings says it has been appointed by Ireland’s government through its statutory corporation, Córas Iompair Éireann (CIE), to develop 1.96 ha of land into mixed-use properties at Connolly Station, Dublin 1, in the city centre

Property

Hupsteel to redevelop Genting Lane property for $9.3 mil

SINGAPORE (Dec 5): Hupsteel is redeveloping a Genting Lane freehold property it owns into an eight-storey industrial building, with elevated car parks with a gross floor area (GFA) of 5,259 sq m, for an estimated cost of $9.3 million which represents 5.9%

Singapore economy

Is the en bloc fever set to cool?

SINGAPORE (Dec 1): The Monetary Authority of Singapore has warned bankers, developers and potential property buyers to tread carefully amid a rapidly growing supply of new residential properties, soft rents, rising interest rates and slower population gro

Property

Ocean Sky to jointly redevelop Balmoral sites with Progen & Seacare

SINGAPORE (Oct 16): Ocean Sky International has formed a new JV company with Progen Holdings and Seacare Property to develop the recently acquired cluster sites at Balmoral Road.
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