Reits & Property
Low Tuck Kwong sues Peter Kwee for A$9.6 million over alleged material defects
This pertains to a S$32.2 million agreement to buy out Kwee’s shares in three companies that own properties
Sert invests 50 million euros in data centre development fund AiOnX
The investment is done via a mandatory convertible loan, carrying a 7.25% annual cash coupon
Does foreign ownership matter? Marina Bay Sands’ success benefits Singapore greatly
It’s Singapore’s time to shine in drawing premium visitors, as tourism mega hits drive economic growth and create jobs
Clar bulks up with S$1.4 billion Singapore, Japan buys funded by S$900 million unit issue
The manager also proposes an advanced distribution, expected to be S$0.0375 per existing unit
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Lendlease Reit preferential offering undersubscribed with 62.2% take-up
Underwriters DBS, OCBC, UOB to absorb around S$74.3 million worth of stock
RHB keeps ‘buy’ on Suntec Reit following Hongkong Land’s acquisition of 10.8% stake
It has an unchanged target price of S$1.67
Hongkong Land acquires 10.8% stake in Suntec Reit for S$541 million
It says the move aligns with its ‘positive outlook and conviction in Singapore’s prime commercial property market’
Suntec Reit units close 4.3% higher after news of strategic review; units worth S$577 million traded
New sponsor Tang Organization is launching a review to boost portfolio performance and future distributions
NTT Global Data Centers plans to double capacity in AI boom
It sees increasing demand from companies moving more of their software and operations to the cloud
Manulife US Reit H2 distributable income down 31% at US$10.6 million
No distribution has been declared, in line with its recapitalisation plans and master restructuring agreement
