Reits & Property
Elite UK Reit to buy five government-leased UK properties for £31.9 million
It is also expanding into student housing with the conversion of its Lindsay House property
Investment story trumps size for Reits; the key is to be sufficiently differentiated
Lessons can be learned from the contrasting fortunes of Centurion Accommodation Reit and UI Boustead Reit
DBS initiates coverage on Centurion Corp with ‘buy’ call on strong bed growth visibility
The brokerage initiates with a target price of S$1.86 per share
Top Philippine telecoms firm PLDT seeks up to US$400 million from Reit listing
Initial assets to be injected into the trust are its eight data centres with a total capacity of 27 megawatts
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S-Reits ‘positioned for recovery’ as yield spreads widen: analysts
The sector offers a yield spread of about 3.8%-4% over 10-year Singapore government bonds, say DBS and UOBKH
Stoneweg Europe Stapled Trust sells French warehouse asset Parc de Meslay for 5.7 million euros
CEO of the managers says the divestment is part of the trust’s ongoing portfolio optimisation initiatives
Clar buys Tuas logistics property for S$133.9 million
The transaction is expected to be accretive to CapitaLand Ascendas Reit’s DPU
CapitaLand Ascott Trust to divest The Robertson House for S$360 million
The 336-unit hotel will be sold at 4% above book value
Frasers Logistics & Commercial Trust grows presence in Europe with 4 property acquisitions
The agreed purchase price of about 294.9 million euros represents a 1.5% discount to their appraised value
Mapletree Industrial Trust divests Philadelphia data centre for US$14.5 million
The manager says it is the most ‘prudent’ action to optimise capital allocation and portfolio performance
