Sydney

How 10 urban cities including Singapore found ways around their transport & mobility challenges

SINGAPORE (June 6): In its third initiative with the Centre for Liveable Cities (CLC), the Urban Land Institute (ULI) today announced the launch of a new report at the 2017 ULI Asia-Pacific Summit in Singapore.

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%.

Property

ARA Asset Management said to mull purchase of Sydney CBD tower

SINGAPORE (May 4): ARA Asset Management, the Singapore manager of REITs, is said to be eyeing the purchase of 320 Pitt Street, a major tower located in Sydney’s central business district which is being sold by a fund managed by Propertylink Group.

Roxy-Pacific appoints marketing agents for sale of Sydney headquarters building

SINGAPORE (Feb 2): Roxy-Pacific Holdings’ wholly-owned subsidiary, Roxy-Pacific Goulburn, has engaged the New South Wales divisions of Jones Lang LaSelle (JLL)  and Colliers International as the joint marketing agents for the sale of its headquarters b

Broker's Calls

Growing exposure Down Under nudges this REIT up a notch

SINGAPORE (Dec 16): CIMB is maintaining its “hold” call on Mapletree Logistics Trust (MLT) at a higher target price of $1.02 from 99 cents previously.

Alibaba Cloud expands global footprint with 4 new data centres

SINGAPORE (Nov 21): Alibaba Cloud, the cloud computing arm and a business unit of China’s Alibaba Group, says it aims to open four new data centres by end-2016 in the Middle East, Europe, Australia and Japan.

Indonesia pulls brakes on SIA’s Singapore-Jakarta-Sydney route

SINGAPORE (Nov 9): Singapore Airlines has delayed the launch of a new Singapore-Jakarta-Sydney route.

The closer to Antarctica, the hotter the property market gets

(Oct 20): Move over Sydney and Auckland, there's a hotter property market in the southern hemisphere and it's only 1,500 miles from Antarctica.  

Broker's Calls

Frasers Logistics and Industrial Trust continues to grow Down Under

SINGAPORE (Sept 9): UOB Kay Hian is maintaining its “buy” call on Frasers Logistics and Industrial Trust (FLT) as it offers the best growth potential plus a high 6.8% yield.

Mapletree Logistics Trust acquires 4 Australian properties for A$85 mil

SINGAPORE (Aug 31): Mapletree Logistics Trust Management, as manager of Mapletree Logistics Trust, today announced the acquisition of four dry warehouse facilities in Sydney, Australia for a purchase consideration of A$85 million ($87.4 million).
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