Stockland CEO announces retirement plans and more APAC REIT news

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The S&P/ASX 200 A-REIT index slipped 1.48% to 1,256.90, while the S&P/ASX 200 index traded sideways, edging 0.03% higher to 5,944.50. Stockland (SGP) announced that its CEO and managing director Mark Steinert would retire after almost eight years at the helm.   The company also set its distribution for the six months to end-June at 10.6 […]

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APAC REIT Daily: Arena, Ingenia complete capital raisings, as REITs advance on recovery hopes

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Here’s how the real estate investment trust (REIT) markets performed across Asia Pacific on Wednesday, 3 June 2020.  Australia The S&P/ASX 200 A-REIT Index soared 3.07% to 1,275.40, while the S&P/ASX 200 Index jumped 1.83% to 5,941.60. Arena REIT (ARF) raised A$60m through the fully-underwritten institutional placement announced yesterday, up from A$50m due to strong […]

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OUE's Commercial REIT, Hospitality Trust to merge into S$6.8bn REIT

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OUE Commercial REIT and OUE Hospitality Trust have announced plans to merge and become one of the largest diversified REITs in Singapore, with S$6.8bn in total assets. The proposed deal would see the commercial REIT buy the hospitality REIT’s shares in exchange for S$0.04075 and 1.358 OUE C-REIT shares per stock, the company said in […]

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APAC REIT Daily: First REIT shares plummet on lease restructuring news

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Here’s how the real estate investment trust (REIT) markets performed across Asia Pacific on Monday, 1 June 2020. Singapore Shares in healthcare trust First REIT (AW9U) plummeted 21.47% to S$0.70 today after its former parent company Lippo Karawaci announced plans to initiate lease restructuring discussions with the REIT due to the COVID-19 pandemic.  The manager […]

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Asia Pacific sale-leaseback deals to surge in 2020: JLL

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A surge in sale-leaseback transactions is expected across Asia Pacific in the second half of 2020, as corporates look to unlock capital during the COVID-19 pandemic, says JLL. JLL has seen a notable rise in sale-leaseback inquiries from corporate owners since early April, as owners look to boost cash-flow to get through the global economic […]

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APAC REIT Weekly Tracker: 8-12 June 2020

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Here’s how listed real estate investment trusts (REITs) performed across Asia Pacific for the week ending Friday, 12 June 2020. Australia The S&P/ASX 200 A-REIT index fell 3.73% this week, closing at 1,252.70 on Friday, while the S&P/ASX 200 index slipped 2.52% to 5,847.80.  On Friday, Centuria Industrial REIT (CIP) announced that it was included in […]

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APAC REIT Daily: A-REITs jump 4.5% on economic recovery hopes

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Here’s how the real estate investment trust (REIT) markets performed across Asia Pacific on Tuesday, 26 May 2020. Australia A-REITs bounced back on growing hopes of an economic recovery, with the S&P/ASX 200 A-REIT Index soaring 4.55% to 1,260.70. Shares in retail trust Unibail-Rodamco-Westfield (URW) soared 12.71% to A$3.99, while Centuria Office REIT (COF) and […]

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CapitaLand to buy Ascendas-Singbridge in S$11bn deal

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Singapore-listed CapitaLand has agreed to buy Ascendas-Singbridge from Singaporean sovereign wealth fund Temasek in an S$11bn deal to create Asia’s largest diversified real estate group. Ascendas-Singbridge is a leading provider of business spaces across 11 countries, with S$23.6bn of assets under management. The transaction will increase combined total AUM to more than S$116bn once the […]

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