Asset Enhancement Initiatives (AEI)

The AEI saw the addition of a dozen guest rooms to a total of 575 rooms, a revamped all-day dining area and new MICE spaces.

Units in E-LOG closed 0.5 cents lower or 1.85% down at 26.5 cents on Oct 4.

The development cost of approximately $20 million will be internally funded.

According to Robert Wallace, CEO of the manager, the façade enhancement is “is in line” with FLCT’s asset management strategy.

ESR-REIT plans to go overseas for growth in countries in which ESR Cayman has a presence, such as Japan and Australia.

SINGAPORE (Sept 14): Property developer City Developments Limited (CDL) has acquired a prime freehold Grade A commercial building, Aldgate House, in London for £183 million ($328 million).

SINGAPORE (Apr 24): CIMB is reiterating its “add” call on ESR-REIT while lowering its target price on the trust to 60 cents from 64 cents previously after cutting FY18F-20F DPU estimates by 8-9.7%.

SINGAPORE (July 18): RHB Research continues to rate Viva Industrial Trust (VIT) at “buy” with a 97-cent target price following the trust’s completion of its asset enhancement initiative (AEI) at Viva Business Park (VBP).

SINGAPORE (June 6): Straits Real Estate, a subsidiary of Straits Trading Company, is investing roughly A$119 million ($122.7 million) for a stake in a 32-storey office building located at 320 Pitt Street in Sydney, Australia.

SINGAPORE (Oct 10): CIMB has raised its target price on SPH REIT to $1.05 from $1.03 previously, while maintaining its “hold” rating based on limited upside.