CapitaLand announced Monday that its wholly-owned subsidiary CLV Investment 5 has acquired an additional 20% interest in CapitaLand-Thien Duc Company (CTD) for a cash consideration of US$17.9 million (S$25.4 million) (RM79.6 million).
Excluding certain one-off items, ARA Asset’s adjusted net profit in 4Q improved by 4% at S$21.0 million, compared with S$20.1 million a year ago.
This was despite the partial distribution of proceeds from the sale of Pullman Cairns International in the corresponding quarter last year. Excluding the proceeds from divestment, DPS would have been 18.0% higher.
CapitaLand Commercial Trust is making tracks in the Singapore office REITs sector in spite of headwinds in the market.
CIMB is keeping its “overweight” call on Singapore developers on the back of attractive valuations and growth opportunities as the supply overhang passes.
This is despite a 144.1% increase in revenue to S$24.0 million in the second quarter ended Nov 30, compared to revenue of S$9.8 million in 2Q2016.
Keppel DC REIT was one of the best performers among the Singapore real estate investment trusts (S-REITs) in 2016, with its share price rising 18.7%.
CapitaLand’s wholly-owned subsidiary Ascott Operations Eight has acquired the entire issued share capital of Sabden, which owns the hotel, for a cash consideration of 31.3 million euro.
DBS Group Research says Frasers Hospitality Trust is in a stronger position to pursue acquisition opportunities, following its recent pre-emptive rights issue.
Mapletree Logistics Trust Management, the Manager of MLT, announced on Thursday that the four properties will be acquired from Growthpoint Properties Australia.
The only property app you need. More than 200,000 sale/rent listings and daily property news.
