starhill global reit

The search for his replacement is under way, says the trust’s manager

Revenue remains unchanged at S$96.3 million for the first-half period

Department store chain Myer had alleged that the mall was ‘substantially empty of suitably presented retail stores’

The Reit’s improved performance was mainly driven by stronger contributions from its Singapore retail and Malaysia segment

Suggestions from market players include mixed-use developments that will ease reliance on rents and tapping underused spaces for pop-ups

The lack of growth is mainly from higher contributions from the Singapore retail properties, offset by loss of contribution from divestments and also rental arrears

Increase mainly driven by appreciation of the Malaysian ringgit against the Singapore dollar

The 5-year unsecured facility agreement is for term and revolving credit facilities, of S$300 million each

Its revenue increases mainly due to higher contributions from its Singapore properties