Melbourne

Fragrance Group launches new residential tower and hotel

SINGAPORE (July 13): Fragrance Group today announced that it has officially launched its development project in Melbourne and a new-build hotel in Tasmania.

Keppel REIT unit to acquire 50% stake in Melbourne property for $362 mil

SINGAPORE (June 29): Keppel REIT’s wholly-owned sub-trust Keppel REIT (Australia) Sub-Trust 5 has entered into an implementation deed to acquire a 50% interest in a premium office tower to be developed at 311 Spencer Street in Melbourne, Australia for A

Results

Frasers Logistics & Industrial Trust’s 1Q DPU beats forecasts by 6.7% at 1.75 cents

SINGAPORE (May 5): The manager of Frasers Logistics & Industrial Trust (FLT) has declared a distribution per unit (DPU) of 1.75 cents for the 1Q ended March, exceeding the forecast DPU of 1.64 cents by 6.7%.
Credit: Elenberg Fraser

Property

Tong Eng could gain over $20 mil from sale of Melbourne development site

SINGAPORE (April 13): Tong Eng Group is said to be selling a development site in the Melbourne CBD at 111-125 A’Beckett Street for between A$60 million-A$80 million ($63 million-$84 million), according to an article published yesterday by The Australian

Results

Ho Bee Land posts a 32% rise in 3Q earnings to $27 mil on sales from Australia

SINGAPORE (Nov 10): Ho Bee Land reported a 31.8% increase in 3Q16 earnings to $26.7 million from a year ago.

Frasers Centrepoint acquires land parcel in Melbourne suburb for $466 mil mixed-use development

SINGAPORE (Oct 25): Frasers Property Australia, a unit of Frasers Centrepoint Limited, has secured 974 Black Forest Road – a 115 hectare land parcel in Wyndham Vale, a suburb of Melbourne, Victoria, Australia – for an undisclosed sum.

Sing Holdings to acquire Melbourne hotel for $113 mil

SINGAPORE (Oct 17): Property developer and investor Sing Holdings is acquiring Travelodge Docklands hotel in Melbourne for A$107 million ($113 million) from seller GL InvestmentCo Melbourne.

Crown plunges after China detains high-roller chief, 17 others

(Oct 17): Crown Resorts, the Australian casino company controlled by billionaire James Packer, plunged after Chinese authorities detained 18 of its employees including the head of its international high-roller operations.

Straits Trading refutes online media claims of Melbourne office tower sale

SINGAPORE (Sept 22): The Straits Trading Company has issued a statement to clarify the claims made by two Australian online news platforms, The Australian Financial Review and The Australian, that it has sold its office building at 114 William Street in M

Broker's Calls

Rights issue likely to boost free float, valuations for Frasers Hospitality Trust

SINGAPORE (Sept 14): Daiwa says the imminent rights issue of Frasers Hospitality Trust (FHT), albeit dilutive, could help to improve its free float and valuations.
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