Transport & Logistics
FLCT acquires property in new UK business park for S$51.5m
FLCT acquires property in new UK business park for S$51.5m
The property will be developed into a freehold high-specification facility
ComfortDelGro’s Metroline Travel Limited acquires $6.552m London property
The acquisition will be fully funded by cash through internal resources.
SG implements compulsory ART for land VTL from MY
The tests start on 29 November.
Mapletree Logistics Trust to acquire 17 modern Grade-A logistic properties for $1.4b
Of the 17 properties, 13 are in China, three in Vietnam, and one in Japan.
ComfortDelGro Bus to operate SG's largest e-bus fleet
The company won a $30m contract to operate at the NUS.
Grab suffers $1.34b net loss in Q3
This is a 59% decrease in net profit, YoY.
ComfortDelGro cancels Australian IPO
The IPO was first announced in August 2021.
Singapore to launch VTL with Malaysia
The service is expected to take effect on November 29.
SingPost operating profit up 28.4% to $51.1m for H1 FY21/22
Its net profit also echoed this performance with a 13.3% growth.
Changi, Porsche partners for Changi Airport's EV-charging points
The chargers are provided in partnership with SP Group.
Cromwell European REIT acquires Italy warehouse for $30.6m
This is the company’s third logistics asset in the country.
1 in 4 services firms optimistic about the future
Meanwhile, 6% of services firms see a decline in business conditions.
Amazon strengthens Singapore foothold with office launch
The new office is located in Asia Square.
Ascendas REIT obtains 11 last mile logistics properties in the US
These were obtained for $207.8m.
OCBC recommends ESR-REIT shareholders to approve ARA merger
The bank said the merger is crucial in the REIT sector.
China's power crisis may contribute to NODX slowdown in 2022
Meanwhile, the demand for petrochemical exports benefitted from this same crisis.
ESR-REIT and ARA LOGOS announce proposed merger
The merger will create a flagship pan-Asia logistics and high-tech S-REIT.
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