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Brisbane
REITs
Mapletree Logistics Trust acquires Brisbane distribution centre for $109.8 mil
The acquisition is expected to be accretive at the distribution level.
October 22, 2020
Property
Wee Hur acquires Melbourne site for $36 mil to develop student dorm
SINGAPORE (Nov 28): Developer Wee Hur Holdings announced that its Australian-focused purpose-built student accommodation (PBSA) trust, Wee Hur PBSA Master Trust, has acquired a 1,038 sqm property in Melbourne, Australia, for A$35 million ($35.8 million).
November 28, 2017
M&A
Ascendas REIT acquires CBD fringe office property in Australia for $90 mil
SINGAPORE (Sept 25): Ascendas Funds Management, the manager of Ascendas REIT, has completed its acquisition of a CBD fringe office property located at No. 100 Wickham Street in Queensland, Australia for A$83.8 million ($89.8 million) from 100W.
September 25, 2017
Wee Hur to expand student housing footprint in Australia
SINGAPORE (July 7): Developer Wee Hur has set up a trust to fund and build 5,000 student accommodation beds in Australia’s major cities, starting with Brisbane and Adelaide.
July 07, 2017
Results
Frasers Logistics & Industrial Trust’s 1Q DPU beats forecasts by 6.7% at 1.75 cents
SINGAPORE (May 5): The manager of Frasers Logistics & Industrial Trust (FLT) has declared a distribution per unit (DPU) of 1.75 cents for the 1Q ended March, exceeding the forecast DPU of 1.64 cents by 6.7%.
May 05, 2017
Property
Brisbane faces potential oversupply amid Aussie student housing boom
SINGAPORE (Dec 30): As Australia continues to rapidly expand its purpose built student accommodation (PBSA) offering with new supply of commercially-operated student beds, signs of potential oversupply are beginning to surface, particularly in Brisbane.
December 30, 2016
Wee Hur to sell Brisbane CBD property for $68 mil
SINGAPORE (Dec 30): Wee Hur Holdings is selling a plot of land in the Central Business District of Brisbane, Australia, for A$65.1 million ($67.8 million).
December 30, 2016
Results
Ascendas Hospitality Trust declares 2Q DPS of 1.38 cents, unchanged from a year ago
SINGAPORE (Nov 9): Ascendas Hospitality Trust (AHT) has posted a distribution per stapled security of 1.38 cents for 2QFY17, unchanged from the DPS declared in 2QFY16, despite a one-off distribution in the previous corresponding period.
November 09, 2016
Broker's Calls
Frasers Logistics and Industrial Trust continues to grow Down Under
SINGAPORE (Sept 9): UOB Kay Hian is maintaining its “buy” call on Frasers Logistics and Industrial Trust (FLT) as it offers the best growth potential plus a high 6.8% yield.
September 09, 2016
Frasers Logistics & Industrial Trust acquires 2 call option properties for $71 mil
SINGAPORE (Sept 1): Frasers Logistics & Industrial Trust (FLT) is acquiring two call option properties in Melbourne and Brisbane for a total consideration of A$69.2 million ($71.2 million).
September 01, 2016