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DBS Trustee
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.
March 23, 2021
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.
January 19, 2021
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?
December 22, 2020
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.
December 22, 2020
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.
December 01, 2020
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".
November 30, 2020
REITs
Potential salvager of EHT to be announced 'imminently'
The trustee will comply with MAS' directive to remove EHT's manager
October 28, 2020
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
October 26, 2020
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
April 20, 2020
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.
September 26, 2017