commercial buildings

M&A

Keppel asset management unit acquires 3 commercial buildings in Seoul for $510 mil

SINGAPORE (April 29): Keppel Capital Holdings, the asset management arm of Keppel Corporation Limited, says its Alpha Asia Macro Trends Fund III (AAMTF III) is acquiring 100% stakes in three Grade ‘A’ freehold commercial buildings in Seoul, Korea, for

Broker's Calls

Frasers Commercial Trust upgraded to 'buy' with portfolio expansion into Europe

SINGAPORE (Dec 18): OCBC Investment Research is upgrading its call on Frasers Commercial Trust (FCOT) to “buy” from “hold” with a higher fair value estimate of $1.51.

Broker's Calls

Better outlook, but retail environment to remain challenging for Suntec REIT

SINGAPORE (Jan 26): OCBC Investment Research has upgraded its call on Suntec REIT from “sell” back to “hold” and raised its fair value estimate to $1.54 from $1.53 previously, after incorporating the REIT’s full-year results into its model.  

Results

Suntec REIT posts 5.6% lower 4Q DPU of 2.6 cents; unveils development plans for new commercial building at 9 Penang Road

SINGAPORE (Jan 25): Suntec REIT has declared a distribution per unit (DPU) of 2.6 cents for the fourth quarter ended Dec 2016, 5.6% lower from the previous year’s DPU of 2.75 cents.

How Ascendas-Singbridge is ‘future-proofing’ its portfolio with M1

SINGAPORE (Nov 3): Local telco M1 Limited has been appointed as a corporate Fibre Ready Scheme (FRS) partner of Ascendas-Singbridge to install and enhance telecommunication and fibre infrastructure at 70 commercial buildings under its Singapore portfolio
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