Commercial Property
MPACT's unitholder distributions suffer a 3.5% drop despite NPI stability
MPACT's unitholder distributions suffer a 3.5% drop despite NPI stability
It attributed the decline to finance costs and high interest rates.
ESR-LOGOS REIT DPU down 18.6% in H1 2024
The decline was due to lower capital gains from previous divestments.
Dasin Retail Trust to hold EGM following shareholder requisition
The EGM will be held by the end of September.
CapitaLand Ascendas REIT’s NPI up 3.9% to $528.4m in H1
New acquisitions and completed projects drove the increase.
Pan Pacific Hotels Group debuts in Kyoto with Hotel Higashiyama
The group will add the hotel to its portfolio in 2025.
Starhill Global REIT DPU down 6.6%, NPI up 1.3%
The DPU drop resulted from weaker currencies, higher costs and taxes, and a leasing fee.
Koh Swee Yan joins the Singapore Land Authority board
She will serve on the board for two years.
Higher borrowing costs impact Keppel REIT's DPU, down 3.4% YoY
The REIT reported lower REIT despite higher NPI.
Higher interest costs keep CDLHT's DPS flat despite NPI growth
NPI grew 5.9% in H1 2024.
Far East H-Trust’s NPI grows 1.0% YoY, driven by portfolio growth
With a higher NPI, the trust’s DPS increased by 2.7% YoY to $39.4m.
Lower logistics and business park contributions lead to a 4.9% NPI drop for CLCT
Gains in the retail portfolio offset the decline.
Income from key properties boosts CLINT’s NPI in H1
CLINT's NPI rose 22% YoY.
New 7-storey commercial office building at Geylang for sale
The guide price for the property is $17m.
Keppel unit enters JV to offer consulting services in Shandong, China
It will provide urban planning, industrial promotion, and smart city solutions for the project.
7 of 15 office floors at Solitaire on Cecil sold for $371m
The average unit price was $4,325 per square foot.
Industrial rental growth to slow in 2024
It is expected to moderate to between 3% and 5%.
Parkway Life REIT's NPI falls 2.5% YoY to $68.4m in H1 2024
Despite lower NPI, the REIT declared a 3.5% YoY higher DPU.
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