Commercial Property
LMIRT's NPI falls 6.5% YoY to $28.6m in 9M on higher operating expenses
In 9M 2023, LMIRT recorded an NPI of $30.6m.
Far East Hospitality Trust’s net property income falls 6.8% on lower revenue
Gross revenue fell 4.8% YoY to $28.75m.
Hongkong Land shifts strategy, exits build-to-sell in Asia
It will redirect capital from the segment to new integrated commercial property ventures.
CDL to launch Union Square Residences
Sales bookings are scheduled to begin on 16 November.
Higher contributions from Singapore lift Starhill Global REIT NPI by 1.4% YoY
Perth assets also contributed.
CapitaLand China Trust’s NPI declines 5.1% YoY as occupancies and rentals soften
NPI for the 9M2024 was RMB930.2m.
COTD: Shophouse market hits record leasing value of $10.7m in Q3
The Q3 leasing value boosted the 9M total to $30.6m.
Dasin Retail Trust Management taps Wang Peng as new CEO
Before his appointment, he had been the Chief Investment Officer and acting CEO of the company.
Starhill Global REIT sells Wisma Atria office units for $16.1m
It sold the lots at a 22.2% premium over the most recent valuation.
COTD: Shophouse transactions fall 20% QoQ and 56% YoY in Q3
Transaction value fell alongside volume.
COTD: Office vacancy rate up 11.0% QoQ in Q3
Office space occupancy declined by 3,000 sq m (nett) in Q3.
Shophouse prices in prime districts soften in Q3 as sales lag
Districts 1 and 2 only had two 99-year leasehold shophouse transactions.
PGIM Real Estate and Elevate Capital acquire Stamford Court for $132m
They will rejuvenate the asset into a living, co-working, and lifestyle space.
Capitaland Ascendas REIT portfolio occupancy dips 1.0% QoQ to 92.1% in Q3
The REIT's Australia and United States portfolios drove the overall drop.
Industrial landlords adopt accommodative stance amid cost-conscious occupiers
They are offering rent-free periods, amongst others.
MPACT sees 11.9% YoY drop in distribution due to lower overseas contributions
Adverse forex movements dampened overseas contributions.
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