KUALA LUMPUR (Aug 2): Scomi Engineering Bhd’s (SEB) indirect unit will sell its industrial land in Rawang to Axis Real Estate Investment Trust (Axis REIT) and lease it back from the trust for RM42 million cash.
WITH widespread expectation that global interest rates will stay low for a long time, real estate investment trusts in Singapore have performed well since the beginning of this year, despite a chorus of warnings about the deteriorating fundamentals of the commercial property sector.
Pavilion Real Estate Investment Trust (July 29, RM1.
SUBANG JAYA (July 28): AmFIRST Real Estate Investment Trust (AmFIRST REIT) will spend between RM20 million and RM30 million to refurbish the Summit Hotel Subang USJ (pictured) in order to maintain its four-star rating, Bernama reported today.
IGB Real Estate Investment Trust (July 27, RM1.
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KUALA LUMPUR (July 27): While industrial properties may not be a sexy class of investment assets, they make very stable assets no matter where you are in the cycle, said Axis REIT Managers Bhd head of investment Siva Shanker (pictured).
SINGAPORE (July 27): DBS Vickers Securities is keeping its “hold” call on CapitaLand Mall Trust (CMT) with a higher target price of S$2.
Tiong Nam Logistics Holdings Bhd(July 25, RM1.
ON July 1, China’s biggest state-owned developer, Greenland Group, and Amare Investment Management Group announced that they would be injecting an initial tranche of six hotels worth S$1.
KUALA LUMPUR (July 21): UOA Real Estate Investment Trust (REIT) said its total income available for distribution slipped 3.
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