Metro Holdings

Results

Metro reports lower 1HFY2024 earnings, acquires 20% stake in VisionCrest for up to $40 million

Good quality, freehold strata-titled offices near Orchard Road with full floorplates are limited, says Metro

Corporate moves

Metro solidifies its position as property investment company; set to expand PBSA portfolio

Metro Holdings plans to grow its PBSA portfolio in the near- to mid-term.

Results

Metro Holdings posts 6.1% increase in FY2023 earnings to $25.2 mil

Metro Holdings sees better FY2023 thanks to the recovering retail sector.

Results

Metro's net profit falls 35% in FY2022 on impairment loss

Metro Holdings' net profit fell 35% in FY2022 due to an impairment loss of $36.3 million from China
Metro Group signs MOU with Daiwa House Industry for strategic collaboration - THE EDGE SINGAPORE

M&A

Metro Group signs MOU with Daiwa House Industry for strategic collaboration

Metro Holdings collaborates with Daiwa House Industry by executing a memorandum of understanding (MOU)
REITs seen as sound bets as retailers reinvent themselves for the recovery - THE EDGE SINGAPORE

Investing ideas

REITs seen as sound bets as retailers reinvent themselves for the recovery

What's the best bet to ride on the retail industry recovery?
Boustead Projects establishes Boustead Industrial Fund - THE EDGE SINGAPORE

Funds

Boustead Projects establishes Boustead Industrial Fund

Assuming that the proposed transactions had been completed on March 31, 2020, the company's EPS would have been at 45.8 cents.
Metro forms partnership, establishes fund to grow UK purpose-built student accommodation portfolio - THE EDGE SINGAPORE

Deals, joint ventures & alliances

Metro forms partnership, establishes fund to grow UK purpose-built student accommodation portfolio

The fund has an initial aggregate committed capital of £60 million ($108 million) upon its first closing.

Deals, joint ventures & alliances

Metro disposes 50% stake in PT Metropolitan Retailmart for $25 mil

SINGAPORE (Dec 13): Metro Holdings is selling its entire 50% stake in PT Metropolitan Retailmart (PT MRM) to its JV partner PT Trans Corpora for $25 million.

M&A

Metro to invest $89.7 mil for 20% stake in portfolio of 14 Australian properties

SINGAPORE (Nov 8): Metro Holdings is eyeing an entry into Australia’s commercial real estate market with an investment of A$95.8 million ($89.7 million) for the proposed acquisition of a 20% stake in a portfolio of 14 properties.
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