Commercial Property
Manulife US Reit’s DPU dips 10.3% YoY to 2.63 US cents in H2 22
Manulife US Reit’s DPU dips 10.3% YoY to 2.63 US cents in H2 22
It stemmed from distributable income that went down 1.7% to $55.4m (US$41.9m).
Barbara Cambon bows out as Prime US REIT CEO
CFO Harmeet Singh Bedi will take over the post on 8 March.
Keppel Land unit to divest 100% stake in Willowville for $7.37m
The purchaser of the stake will pay in two tranches.
Broker retains outlook for S-Reits stocks as overweight
Amongst notable Reits are MPACT and FLT.
Chart of the Day: Occupancy rate of industrial property down 0.3% in Q4 22
Colliers said there was an uptick in new completions.
Shophouse market posts 25.6% drop in sales in 2022
An estimated 189 shophouses were sold during the year.
Growth of industrial rents to moderate by 1%-3% in 2023: Colliers
In 2022, the market recorded an annual growth of 6.9%.
Boustead Industrial Fund acquires J’Forte Building for almost $100m
The property has 44 years left on the lease.
CapitaLand India Trust’s NPI jumps 7% YoY to $166.8m in FY22
The increase pushed CLINT’s DPU up to $0.0819.
Commercial building on South Bridge Road sold for $13.58m
The building has a gross floor area of 1,042.31 square meters (sqm).
SG and Dubai seen to be top cities for prime capital growth: Savills
It was forecasted that Singapore’s growth will be between 6% to 7.9%.
Digital Core REIT NPI reaches $91m in FY22
Its portfolio occupancy is at 96% as of January 2023.
Keppel Corporation’s net profit down 9% to $927m in FY22
The decline in urban development earnings caused net profit decrease.
CapitaLand Ascendas Reit’s DPU up 4.3% due to positive rent aversion
The Reit also posted high portfolio occupancy.
Strata office market sales reached $743.1m in H2 22
There were 155 units sold in the second half of 2022.
FLCT hits 95.9% occupancy rate in Q123
It recorded 239,500 sqm of leases and renewals.
Bukit Sembawang COO steps down
His resignation came two years after his appointment.
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