DBS Trustee

OUE Commercial REIT to upsize senior secured facilities to $978 mil - THE EDGE SINGAPORE

Company in the news

OUE Commercial REIT to upsize senior secured facilities to $978 mil

Units in OUE Commercial REIT closed 0.5 cent lower or 1.3% down at 39 cents on March 23.
OUE C-REIT to divest 50% interest in OUE Bayfront property for $1.27 bil - THE EDGE SINGAPORE

REITs

OUE C-REIT to divest 50% interest in OUE Bayfront property for $1.27 bil

The agreed value of the property represents a 26.1% premium over the purchase consideration of $1.01 billion.
Urban Commons tries to win investors' trust after defaulting while SCCPRE awaits EGM vote on Dec 30 - THE EDGE SINGAPORE

REITs

Urban Commons tries to win investors' trust after defaulting while SCCPRE awaits EGM vote on Dec 30

Urban Commons claims it has a better solution to reviving Eagle Hospitality Trust than SCCPRE. Can it win investors' trust?

Company in the news

EHT sponsor expresses doubt over SC Capital's proposal to replace existing REIT manager

Urban Commons says it has provided recommendations to “save the REIT”, that were ignored by DBS Trustee.

Company in the news

Eagle Hospitality Trust trustee proposes SCCPRE Hospitality REIT Management as new REIT manager

The new manager was chosen due to SC Capital Group’s track record of managing and delivering strong asset performances.
MAS orders removal of Eagle Hospitality REIT manager - THE EDGE SINGAPORE

Company in the news

MAS orders removal of Eagle Hospitality REIT manager

The decision came after EHT's written responses raised "no new material facts".
Potential salvager of EHT to be announced 'imminently' - THE EDGE SINGAPORE

REITs

Potential salvager of EHT to be announced 'imminently'

The trustee will comply with MAS' directive to remove EHT's manager
MAS moves to oust the manager of Eagle Hospitality Trust - THE EDGE SINGAPORE

Company in the news

MAS moves to oust the manager of Eagle Hospitality Trust

MAS has serious concerns about EH-REIT Mgt’s ability and commitment to comply with rules and regulations

REITs

Regulators scrutinise sponsor’s failure to comply with EHT’s master lease agreements, and role of trustee and manager

SINGAPORE (April 20): Eagle Hospitality Trust’s portfolio - comprising of 18 assets including the famed Queen Mary - was valued based on its master leases by two valuers. The master lessee, Urban Commons, is also the sponsor and owner of EHT’s manager

Ascott Residence Trust gets 'BBB' rating for first time from Fitch

SINGAPORE (Sept 26): Fitch Ratings has assigned Ascott Residence Trust (ART) a long-term issuer default rating (IDR) of ‘BBB’ with a stable outlook.
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