Welcome!
Melbourne
Property
CapitaLand Investment acquires freehold office tower in Melbourne's CBD
The tower is a 22-storey building at 120 Spencer Street, located opposite the Southern Cross Station.
June 07, 2022
Company in the news
Crown has two years to clean up or lose its Melbourne casino
The company avoided the worst possible outcome - an immediate loss of the Melbourne license.
October 26, 2021
Aviation & Engineering
SIA says it looks forward to 'gradual recovery' in passenger operations amid re-opening of borders
Shares in SIA closed 4 cents higher or 1.0% up at $3.87 on Nov 16.
November 16, 2020
M&A
MapletreeLog Trust enters into agreement to buy Melbourne logistics property for $17.4 mil
SINGAPORE (Sept 17): The manager of Mapletree Logistics Trust (MLT) announced Tuesday it has entered into a conditional forward purchase agreement for the acquisition of a warehouse in Melbourne, Australia at a property purchase price of A$18.4 million ($
September 17, 2019
Broker's Calls
Suntec REIT kept at 'neutral' by RHB on operational weaknesses
SINGAPORE (June 20): RHB Research is maintaining Suntec REIT at ‘neutral’ despite an improved balance sheet, given operational weaknesses are expected to persist until 1H20.
June 20, 2019
Property
Hatten Land announces Australia expansion plans with Melbourne land acquisition
SINGAPORE (Mar 6): Hatten Land intends to foray into the Australian real estate market by acquiring a land parcel in Southbank, Melbourne, from Australia’s Sundale Developments for a consideration of not more than A$15.8 million ($15.25 million).
March 06, 2019
M&A
Wing Tai jointly acquires Melbourne office building for $97.2 mil
SINGAPORE (Apr 17): Wing Tai Holdings and Australia-listed Abacus Property Group are jointly acquiring an office building at 464 St Kilda Road in Melbourne, Australia, for A$95.38 million ($97.18 million).
April 17, 2018
Broker's Calls
Frasers Commercial upgraded to 'buy' on attractive valuations, Grade B recovery prospects
SINGAPORE (Apr 5): OCBC Investment Research is upgrading Frasers Commercial Trust (FCOT) to “buy” from “hold” with an unchanged fair value of $1.51 on expectations of an impending recovery of Grade B CBD Core office rental rates.
April 05, 2018
Ho Bee Land unit in JV for residential development in Melbourne
SINGAPORE (Dec 20): Ho Bee Land’s wholly-owned subsidiary, HB Oracle, has entered into a joint venture agreement with Villa World Wollert for a residential development in Wollert, Melbourne, Australia.
December 20, 2017
Lian Beng, KSH to divest St Kilda Road property in Melbourne for $36.6 mil
SINGAPORE (July 24): Lian Beng Group and KSH Holdings announced Monday that Lian Beng (St Kilda) has entered into a contract of sale with an unrelated third party for the proposed disposal of 19 units at 596 St Kilda Road in Melbourne, Australia for A$34
July 24, 2017