Reits & Property

OUE Reit secures S$100 million unsecured loan facility

Proceeds will be used for capital expenditure, working capital and general funding purposes

The Singapore Central Private Real Estate Fund will focus exclusively on managing prime commercial property assets in the Republic.

Hongkong Land hives off MBFC Towers 1 and 2, One Raffles Quay into new S$8 billion Singapore private fund

It will be Singapore’s biggest private real estate fund; move follows divestments of other major assets

Manulife US Reit's portfolio includes Centerpointe, a two-tower office building in Fairfax County, Virginia.

Can Manulife US Reit recover? Unitholders seek answers ahead of EGM

The real estate investment trust’s manager answers pointed questions from unitholders

CLI said that it will recapitalise CapitaMall Xinduxin (above) by realising value through its sale as the seed asset to CRF I.

CLI closes second onshore sub-fund; targets 1.48 billion yuan in funds under management

It is under the CLI RMB Master Fund with CapitaMall Xinduxin, as the seed asset

STRAIGHT TO YOUR INBOX

Tuesdays: Exclusive real estate and property news analysis.

Upon completion of the deal, Keppel Reit’s interest in the property will increase from one-third to two-thirds.

Keppel Reit to buy HK Land’s one-third stake in MBFC Tower 3 for S$1.45 billion; launches S$886.3 million rights issue

Unitholders entitled to 23 units for every 100 existing units at S$0.96 each; acquisition to affect DPU

Ossia Capital will buy the leasehold property at 21 Tan Quee Lan at S$14 million, while Global Ten Realty will cost S$5.5 million.

Harvey Norman operator Ossia sets up new unit; buys leasehold property, Global Ten Realty

New subsidiary Ossia Capital has established property investment unit OSA 1

The tower is the office component of Festival Walk in Hong Kong (above). The tower has a lettable area of 213,982 sq ft) and seven tenants.

MPACT sells Festival Walk Tower for close to HK$2 billion

The proceeds will go towards reducing debt, says MPACT’s manager

Highly leveraged Reits like Keppel Reit are expected to benefit from the ongoing interest rate pivot, says Morningstar.
BROKERS’ TAKE

Analysts upbeat on Singapore’s office Reits, naming one ‘uniquely leveraged’ to tap rental upside

They name a few buy-rated stocks, and expect core CBD rents to rise

Singapore has special regimes for Reits that encourage investment in real estate through “tax-efficient entities”.

Data centres are expensive. Reits are ‘powerful tools’ to raise capital – and Singapore is benefiting

Data centres are projected to need US$6.7 trillion in global investments to keep up with computing power demand by 2030

Neo Say Chuan and his wife Tiong Bock Lian allege that they were induced by the salesperson’s representations into buying a unit in The Gazania using the two-step 99-1 structure.

Anthony Law, PropNex Realty salesperson rebut allegations in lawsuit involving 99-1 deal

This is in response to a case filed by a couple over the purchase of a unit at The Gazania