REITs

According to KGI analyst Chen Guangzhi, Asian markets could well enter a recession earlier than developed countries as investors shy away from emerging markets.

The manager says that the REIT’s placement tranche attracted strong interest from investors including sovereign wealth funds, long-only institutional investors, insurance firms, multi-strategy funds and family offices.

The Sponsor, Lendlease Group, has participated in Singapore’s growth story over the past 46 years and has delivered over 400 projects across various sectors since it won the first international tender by HDB in 1973.

“We should get used to the fact that China is going to keep growing and become stronger and we have to figure out a way to work with them while protecting our industries and protecting our country militarily.” - Michael Bloomberg

SINGAPORE (Feb 10): The outbreak of the novel coronavirus is likely to affect REITs with exposure to Singapore’s hospitality sector. This is no surprise, given Chinese visitors comprised around 24% of total visi­tors for the 11 months to Nov 30, 2019.

At its IPO, in Australia, ESR Cayman directly owned 481.7 sq m in gross floor area (GFA) of completed properties, 35.9 sq m in GFA of properties under construction, and four parcels of land.

SINGAPORE (Jan 27): Last  year, real estate investment trusts proved they remained as bankers’ best friends after raising more than $6 bil­lion in secondary issuance alone, and excluding IPOs. In addition, two REIT mergers were completed. OUE Commerci

Century Properties Group is also looking to participate in the REIT sector, the Philippines’ press reported. DoubleDragon Properties Corp is interested, as are Vista Land and Megaworld, according to the Philippines press.

The year’s potential first real estate investment trust IPO, Elite Commercial REIT lodged its prospectus on Jan 17. Trading is likely to be in sterling and distributions will be declared in GBP. Each unitholder will receive his distr

Frasers Property (FPL) – which gained just 3.68% last year – underperformed its peers City Developments (+42%), UOL Group (+37.5%) and CapitaLand (+26.2%), excluding dividends. Since the start of this year, CapitaLand is up a further 5%.