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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
April 29, 2019
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.
December 18, 2017
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.
January 26, 2017
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.
January 25, 2017
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
November 03, 2016