Reits & Property

It is being sold to entity linked to Han Chee Juan’s Jack Investment, which owns Leisure Park Kallang

CEO Guy Cawthra becomes an executive director

Amount is about 38% higher than what it paid 18 years ago, and 5% above the latest valuation

This signals how the need to strengthen data quality, processes and controls is increasingly recognised in the sector

Tokyo Century-OUE JV is buyer in deal that will lift pro forma DPU by 5.8%, fund S$20 million in special payouts

The assets in the Reit are Raffles City Shenzhen and CapitaMall Fucheng

Tribunal highlights the importance of finality, saying the company should not be allowed to ‘cherry-pick’

It is also expanding into student housing with the conversion of its Lindsay House property

Lessons can be learned from the contrasting fortunes of Centurion Accommodation Reit and UI Boustead Reit