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KGI positive on IReit’s Decathlon acquisition in France, initiates with ‘outperform’
KGI Securities has initiated “outperform” on IReit Global with a target price of S$0.69, saying that the proposed Decathlon acquisition will likely provide the real estate investment trust (Reit) with further reduction of its tenant...
IOI Properties said to have triggered Marina View plot
AN ENTITY linked to IOI Properties Group has been tipped as the party that triggered the white site in Marina View from the reserve list of the first-half 2021 Government Land Sales Programme.
Park Hotel Management’s creditor files winding-up application
A CREDITOR is seeking to wind up Park Hotel Management, which used to own Asian hospitality player Park Hotel Group.
Millions of dollars in notes held by pioneer members of Peter Kwee’s Laguna still unpaid
HUNDREDS of Laguna National's pioneer members who collectively took up tens of millions of dollars in debentures to help finance the construction of the golf club are at a loss as to whether they will...
Brokers’ take: CGS-CIMB says SPH could see new substantial shareholder, unlock assets
THE next possibilities for Singapore Press Holdings (SPH) may include the emergence of a substantial shareholder and the unlocking of value from its assets, CGS-CIMB suggested.
Prime US Reit in talks with WeWork on proposed lease restructuring
CO-WORKING space operator WeWork has approached Prime US Reit with a proposal to restructure its lease at the latter's Class A office property in California, and discussions are ongoing.
Singapore among key drivers of surge in demand for life sciences real estate: CBRE
Singapore is among key drivers of a surge in demand for life sciences real estate in the Asia-Pacific (Apac) due to its competitive life sciences sector, said CBRE Research in a report.
New launches, looser Covid-19 restrictions may boost new home sales ahead: analysts
DEVELOPERS in Singapore sold nearly 30 per cent fewer private homes in May compared with April, with sales dampened by stricter safe-distancing measures meant to curb rising Covid-19 cases here, as well as fewer launches.
URA releases two land parcels at one-north’s Slim Barracks Rise for sale
TWO residential with commercial at first storey land sites at Slim Barracks Rise were released for sale on Tuesday, under the confirmed list of the first half 2021 government land sales programme, announced the Urban...
Brokers’ take: Analysts positive on Suntec Reit’s sale of Penang Road asset
ANALYSTS are positive on Suntec Real Estate Investment Trust's (Suntec Reit) recently announced divestment of its 30 per cent stake in 9 Penang Road to its joint venture partner, Haiyi Holdings.
EH-Reit receives US$153.9m in net proceeds from sale of five Chapter 11 assets
EAGLE Hospitality Real Estate Investment Trust (EH-Reit), which is part of Eagle Hospitality Trust (EHT), has received net proceeds of about US$153.9 million following the sale of five Chapter 11 properties.
Ascendas Reit trustee prices 300m euros of 0.75% notes due 2028
ASCENDAS Real Estate Investment Trust's (Ascendas Reit) trustee on Wednesday priced 300 million euros (S$480.8 million) in notes due 2028, the manager said in a bourse filing on Thursday.
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