ASX-listed retail REIT Vicinity Centres (VCX) was hit hard by the COVID-19 pandemic, reporting a net loss of A$1.8bn for the 2020 financial year, compared to its net profit of A$346.1m in the prior year. Funds from operations declined 24% year-on-year to A$520.3m during the 12 months to end-June 2020, and distribution per unit was […]
In Hong Kong, Fortune REIT (778) warned shareholders that it expected a net loss for the six months to end-June 2020 after the value of its portfolio fell about 6% amid adverse market conditions and COVID-19. The REIT said the value of its portfolio as of end-June 2020 was HK$2.5bn lower than the HK$42.82bn recorded […]
REIT indices in Australia and Hong Kong rose today, while Singapore’s iEdge S-REIT Index finished lower. Here’s how the REIT markets performed across Asia Pacific on Tuesday, 5 May 2020. Australia Mirvac Group (MGR) shares recovered today, rising 5.24% to A$2.21, while Abacus Property Group (ABP) rose 3.77% after the company received an A$111m debt extension […]
ASX-listed Charter Hall Group (CHC) and Singaporean sovereign wealth fund GIC have teamed up to buy a 49% stake in a convenience retail portfolio in Australia in A$682m. The Ampol property trust will comprise 203 properties, with initial lease terms ranging from 11 through to 22 years. The portfolio will have a 19.2-year WALE and […]
Here’s how listed real estate investment trusts (REITs) performed across Asia Pacific on Monday, 8 June 2020. Singapore REIT market The FTSE ST Real Estate Investment Trusts Index jumped 1.61% to 867.54, in line with the Straits Times Index, which gained 1.65% to 2,796.97. Ascott REIT (HMN) shares soared 6.67% to S$1.12 after announcing its […]
Mapletree Industrial Trust (ME8U) has completed its acquisition of the 60% remaining interest in 14 data centres in the US for US$215.3m. The deal, which was first announced in June this year, increases the REIT’s data centre exposure to 39% of assets under management and deepens its presence in the US. At the time, the […]
Japan’s Industrial & Infrastructure Fund Investment Corp. (3249) is undertaking a new public offering to raise more than JPY 34bn to support its acquisition of a stake in the IIF Shonan Health Innovation Park. IIF plans to offer 181,000 new units at JPY 182,845 per security, reflecting a 3% discount to its August 4 share […]
Hong Kong-based investment firm PAG and Seoul-based Inmark Asset Management have purchased one of Seoul’s most luxurious hotels, Grand Hyatt Seoul, from a Hyatt affiliate. The transaction includes a long-term management agreement with Hyatt and the hotel continue to operate under the Grand Hyatt brand, according to JLL, which represented the seller. According to JLL’s […]
German insurer Allianz has announced plans to combine property specialist, Allianz Real Estate, and fixed income investment manager, Pimco, into a leading real estate manager. The shares of Allianz Real Estate, which has more than €70bn in assets under management, will be transferred to Pimco to form a real estate manager with €100bn in real […]
Here’s how listed real estate investment trusts (REITs) performed across Asia Pacific on Tuesday, 9 June 2020. Australia A-REIT shares posted strong gains, with the S&P/ASX 200 A-REIT Index up 3.87% to 1,351.60, and the S&P/ASX 200 Index gaining 2.44% to 6,144.90. Shares in GPT Group (GPT) soared 7.53% to A$4.57 despite announcing that its […]
- « Previous Page
- 1
- 2
- 3
- 4
- …
- 36
- Next Page »