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.

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.
SIA says it looks forward to 'gradual recovery' in passenger operations amid re-opening of borders - THE EDGE SINGAPORE

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.

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$18.4 million ($

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.
Hatten Land announces Australia expansion plans with Melbourne land acquisition

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).

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).

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.

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.

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
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