Sydney

The markets of Singapore and Australia have plenty of similarities and are complementary

ComfortDelGro wins A$1.7 bil worth of bus contracts in Sydney; plans to continue expanding there.

Opened just two months apart, modern Japanese restaurants Wakuda and Nobu have been receiving plenty of media attention

Link REIT plans to acquire three properties in Sydney for A$538.2 million which are immediately DPU accretive

The REIT did not release DPU or revenue figures for 1QFY2021.

The new properties will boost Ascott’s annual fee income by over $27 million.

The notes are expected to be rated AA- by Standard & Poor’s.

SINGAPORE (Aug 19): Sovereign wealth fund GIC announced Monday it is acquiring a 25.1% stake in Lendlease International Towers Sydney Trust (LLITST) from Canada Pension Plan Investment Board and Australia-listed Lendlease Group.

SINGAPORE (June 20): RHB Research is maintaining Suntec REIT at ‘neutral’ despite an improved balance sheet, given operational weaknesses are expected to persist until 1H20.

SINGAPORE (Apr 8): MindChamps Preschool Limited is acquiring eight more early learning centres in Sydney, Australia, for a total of A$40.84 million ($39.3 million) from Malek Family Pte Ltd and Malek Group Investments Pty Ltd.