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property acquisition
REITs
CDL Hospitality Trusts makes accretive acquisition of Hotel Brooklyn in UK for $43.8 mil
Hotel Brooklyn is a newly-opened upscale four-style hotel in Manchester, on 57 and 59 Portland Street.
February 22, 2022
REITs
Lendlease REIT to acquire remaining interest in Jem; acquisition said to be DPU accretive by 10.5%
The purchase consideration stood at $2.08 billion for the property and an approximate $116 million for the sale shares in ARIF3.
February 15, 2022
Property
Straits Trading Company acquires two Melbourne properties for $143.9 mil
The consideration will be funded by internal resources and bank borrowings.
February 11, 2022
Property
Grand Venture Technology acquires third facility in Malaysia for $4.4 mil; set to gear up manufacturing capacity
Shares in Grand Venture Technology closed flat at $1.19 on Jan 5.
January 05, 2022
REITs
CICT acquires two Grade A office buildings in Sydney for $330.7 mil; this is the trust's first inroad into Australia
The acquisition is said to be accretive to CICT’s distribution per unit (DPU) by 3.1%.
December 03, 2021
REITs
FLCT invests in prime freehold warehouse development in UK's West Midlands for $51.5 mil
The property is expected to be completed in the first quarter of 2023.
December 01, 2021
REITs
Manulife US REIT acquires maiden properties in Phoenix and Portland for total of US$201.6 mil
All three properties were purchased at at least 0.8% below the valuation amounts.
November 30, 2021
REITs
Keppel REIT acquires freehold Grade A office currently under development in North Sydney for $322.2 mil
A three-year rental guarantee will be provided by the developer on any unlet space after the practical completion.
November 30, 2021
REITs
Parkway Life REIT acquires two nursing homes in Japan for $49.4 mil
The manager believes that the acquisition will be accretive to PLife REIT’s distribution per unit (DPU).
June 30, 2021
REITs
Ascendas REIT to acquire remaining 75% stake in Galaxis for $534.4 mil
The acquisition is said to be DPU-accretive with the REIT's pro forma DPU for the current FY to be an improvement of 5.9 cents.
May 04, 2021