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REITs
CDL looks to list UK office REIT in 1Q2021; raises stake and support IREIT Global's rights issue
During a results briefing by City Developments (CDL), CEO Sherman Kwek said the group is exploring establishing a REIT listed on the Singapore Exchange for its commercial assets in UK and would most likely aim for a listing in 1Q2021.
August 14, 2020
REITs
Sasseur REIT expects higher growth in outlet malls as shoppers hunt for bargains
Are consumers likely to shop less amid a pandemic? Sasseur REIT's chairman Vito Xu thinks otherwise.
July 24, 2020
In print this week
Limited benefits from tourism revival for hotel REITs
SINGAPORE (Mar 5): Visitor arrivals and tourist receipts rebounded last year. Which, if any, of the hotel real estate investment trusts (REITs) could benefit?
March 05, 2018
In print this week
Stability the key for CMT as equities and bonds swoon and interest rates rise
SINGAPORE (Feb 19): Much has been written about the future of retail, including digitalisation and the challenges brick-and-mortar malls face. Managers of retail real estate investment trusts have to juggle several balls such as tenant mix, tenant sales,
February 19, 2018
In print this week
FCT’s suburban malls stay resilient
SINGAPORE (Feb 19): Frasers Centrepoint Trust is fortunate in that its two biggest suburban malls are in areas where there is little or no competition and its portfolio continues to notch up higher rents and net property incomes. Altogether, FCT owns six
February 19, 2018
In print this week
First REIT M&A in 15 years as ESR-REIT primes portfolio
SINGAPORE (Feb 12): On Jan 29, ESR-REIT announced that its manager was in exclusive discussions with the manager of Viva Industrial Trust to acquire all the units in VIT by way of a trust scheme of arrangement. The period of exclusivity expires on March
February 12, 2018
In print this week
Commercial REITs no longer about yield, but are growth proxy
SINGAPORE (Feb 5): Singapore-focused office real estate investment trusts are being increasingly seen as a proxy for rising GDP growth. Their distribution per unit (DPU) yields are below 5%, yet their unit prices continued to rise last year. Perhaps they
February 05, 2018
In print this week
Industrial REIT DPUs continue to fall as sector reaches inflection point
SINGAPORE (Jan 29): Industrial property rents have been drifting lower in the last 24 months. This has been reflected in the results reported by four industrial real estate investment trusts since the start of the year. Their net asset values per share ha
January 29, 2018