Ara Private Funds sells 61 Robinson to a Singapore private equity fund for RM1.3b
SINGAPORE (Sept 13): ARA Private Funds, part of ARA Asset Management, has sold 61 Robinson for S$422 million (RM1.
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Report: Dim outlook for retail REITs
PETALING JAYA (Nov 14): With Conditional Movement Control Order (CMCO) firmly entrenched over the next few weeks amidst “persistently high” Covid-19 cases, concerns are growing about higher tenant dropout rates, reported The Edge Malaysia in its latest issue.
Tenant drop-out an emerging risk for malls
KUALA LUMPUR: The permanent closure of the remaining two branches of departmental store Robinson in Malaysia has highlighted that the risk of tenant drop-out in retail malls is higher for departmental stores, according to CGS-CIMB Research analyst Sharizan Rosely.
Embracing challenges
The third wave of Covid-19 in Malaysia has shaken shoppers’ confidence and also become the final straw that has broken the camel’s back for some retailers, in turn hurting the mall operators’ rental revenue and future expansion plans.
Robinsons shuts its doors in Malaysia and Singapore as it falls victim to Covid-19
KUALA LUMPUR (Oct 30): Robinsons, the retailer that has been in business for more than 160 years, is shutting all remaining stores in Malaysia and Singapore for good as it falls victim to the Covid-19 pandemic which has sharply reduced consumer demand.
Savills Investment Management to grow Asian footprint
LAST November, Savills Investment Management divested two assets in Singapore — its stake in Chinatown Point to partners Perennial Real Estate Holdings and Singapore Press Holdings for S$92.
Biggest co-working space in S'pore's CBD
The Working Capitol launched its second co-working location on March 13.
Oxley Tower achieves TOP; 100% of sellable area sold
SINGAPORE (Dec 13): Property developer Oxley Holdings has announced that its development project Oxley Tower has achieved Temporary Occupation Permit (TOP) from the Building and Construction Authority (BCA) of Singapore.
Singapore's CBD property market heating up despite gloomy outlook
SINGAPORE (Nov 29): The Singapore Central Business District has just seen its fourth major office transaction in 2016, after CLSA Capital Partners acquired 77 Robinson Road for S$531 million (RM1.
Savills Investment Management puts up office asset, 77 Robinson Road, for sale
SINGAPORE (Sept 2): International property investment manager SEB Investment GmbH (now known as Savills Investment Management) has put up its office asset, 77 Robinson Road, Singapore, for sale, said DTZ Debenham Tie Leung (SEA) Pte Ltd in a press statement.
