Reits & Property
JD.com-backed group picks banks for IPO of Singapore Reit: sources
The listing, which could raise about S$1 billion, may take place as soon as this year
Manulife US Reit proposes US$92.5 million sale of Los Angeles property to trim debt
Divestment of 35-storey office property known as Figueroa will see S$10 million net loss
OUE Reit looks to unlock value in mature assets, eyes Sydney for higher-yield growth
Proceeds from a potential One Raffles Place sale could fund its further expansion in Sydney’s Salesforce Tower
Low Tuck Kwong sues Peter Kwee for A$9.6 million over alleged material defects
This pertains to a S$32.2 million agreement to buy out Kwee’s shares in three companies that own properties
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Sert invests 50 million euros in data centre development fund AiOnX
The investment is done via a mandatory convertible loan, carrying a 7.25% annual cash coupon
Does foreign ownership matter? Marina Bay Sands’ success benefits Singapore greatly
It’s Singapore’s time to shine in drawing premium visitors, as tourism mega hits drive economic growth and create jobs
Clar bulks up with S$1.4 billion Singapore, Japan buys funded by S$900 million unit issue
The manager also proposes an advanced distribution, expected to be S$0.0375 per existing unit
Lendlease Reit preferential offering undersubscribed with 62.2% take-up
Underwriters DBS, OCBC, UOB to absorb around S$74.3 million worth of stock
RHB keeps ‘buy’ on Suntec Reit following Hongkong Land’s acquisition of 10.8% stake
It has an unchanged target price of S$1.67
Hongkong Land acquires 10.8% stake in Suntec Reit for S$541 million
It says the move aligns with its ‘positive outlook and conviction in Singapore’s prime commercial property market’
