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Sydney

Australia, a 'Crowded House' revisited - THE EDGE SINGAPORE

Global Markets

Australia, a 'Crowded House' revisited

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

March 30, 2023

Contracts

ComfortDelGro wins 3 Sydney metropolitan bus tenders worth A$1.7 bil

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

November 07, 2022

Giants of gastronomy: Nobu VS Wakuda - THE EDGE SINGAPORE

Food & Beverage

Giants of gastronomy: Nobu VS Wakuda

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

July 14, 2022

Link REIT plans to acquire retail properties in Sydney - THE EDGE SINGAPORE

REITs

Link REIT plans to acquire retail properties in Sydney

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

November 07, 2021

Ascendas REIT reports dip in portfolio occupancy to 90.6% in 1Q21 business update - THE EDGE SINGAPORE

Results

Ascendas REIT reports dip in portfolio occupancy to 90.6% in 1Q21 business update

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

April 23, 2021

Ascott achieves fourth year of growth with addition of over 14,200 units in 2020 - THE EDGE SINGAPORE

Property

Ascott achieves fourth year of growth with addition of over 14,200 units in 2020

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

January 12, 2021

UOB Sydney branch prices A$500 mil notes due Oct 2023 - THE EDGE SINGAPORE

Banking & finance

UOB Sydney branch prices A$500 mil notes due Oct 2023

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

October 12, 2020

Sovereign wealth funds

GIC acquires 25.1% stake in $4 bil Sydney office property trust

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.

August 19, 2019

Broker's Calls

Suntec REIT kept at 'neutral' by RHB on operational weaknesses

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.

June 20, 2019

M&A

MindChamps acquires 8 more Sydney preschool centres for $39.3 mil

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.

April 08, 2019

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