redevelopment

Property

Heeton-led consortium acquires Dry Bar in Manchester for hotel conversion plans

SINGAPORE (Sept 12): A consortium comprising Heeton Holdings, KSH Holdings and Ryobi Kiso Holdings is acquiring Dry Bar, an entertainment venue in Manchester City, with a view to redevelop the property into a boutique hotel.

Property

AA REIT secures first tenant for newly-completed Tuas redevelopment

SINGAPORE (Sept 4): The manager of AIMS AMP Capital Industrial REIT says it has secured its first tenant, whose business is in the aerospace industry, for its newly-completed redevelopment located at 8 Tuas Avenue 20.

Property

AA REIT achieves TOP for redevelopment of 8 Tuas Avenue 20

SINGAPORE (Aug 30): AIMS AMP Capital Industrial REIT (AA REIT) has received the Temporary Occupation Permit (TOP) for the redevelopment of land parcel units 8 & 10 Tuas Avenue 20, according to the manager of the REIT.  

Property

Ocean Sky to acquire Nim Drive property for $4.2 mil

SINGAPORE (May 25): Atlantic Sky Investment, a wholly-owned subsidiary of property group Ocean Sky International, yesterday exercised the option to acquire a 999-year leasehold property at 6 Nim Drive from its vendor, Teddy Yap, for a purchase price of $4

Property

Henderson Land wins rare Hong Kong site for record $4.2 bil

HONG KONG (May 17): Henderson Land Development Co. outbid eight other developers to win a rare site in Hong Kong’s Central district for a record HK$23.3 billion ($4.2 billion). It was the first commercial plot sold by the government in more than two dec

Results

CapitaLand Mall Trust 1Q DPU comes in flat at 2.73 cents

SINGAPORE (April 20): The manager of CapitaLand Mall Trust has announced a distribution per unit (DPU) of 2.73 cents for the first quarter ended March 31, unchanged from a year ago.

Broker's Calls

CCT’s Golden Shoe redevelopment a fitting project for value creation

SINGAPORE (Oct 19): Maybank Kim Eng is reiterating its “buy” call on CapitaLand Commercial Trust (CCT) with an unchanged target price of $1.81.
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