Go West: Tech firms in Singapore setting up bases in south-western corridor



IN the last seven months, two of South-east Asia's best-known unicorns announced expansion plans with new addresses in the same neighbourhood.



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Prime US Reit makes tepid debut to end at IPO price of US$0.88



PRIME US Reit made a tepid debut on the Singapore Exchange (SGX) on Friday, closing at its initial public offering (IPO) price of US$0.88.



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HK-listed AAC Technologies co-founder buys Leedon Park home



THE billionaire cofounder of Hongkong-listed AAC Technologies, which makes miniaturised components including speakers and microphones for mobile devices, is understood to be acquiring a bungalow along Leedon Park for S$31 million.



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Surbana Jurong appointed master planner for Nongsa digital economy hub



ASIA-BASED urban and infrastructure consultancy group Surbana Jurong has been appointed master planner for the development of a digital economy hub in the district of Nongsa, which is on the island of Batam. The project was awarded by joint venture (JV) parties Sinar Mas Land and Citramas Group.



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Prime US Reit makes SGX debut at US$0.865, down 1.7% from offer price



PRIME US Reit debuted on the Singapore Exchange (SGX) on Friday afternoon at US$0.865 per unit, down 1.7 per cent or US$0.015 from its initial offer price of US$0.88. The counter was trading at US$0.87 as at 3.22 pm.



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Prime US Reit units 1.2 times subscribed ahead of Friday debut, potentially netting it US$346.2m



THE manager of Prime US Reit, KBS US Prime Property Management, has received applications for 1.2 times the number of units originally on offer, netting the Reit about US$346.2 million at a price of US$0.88 per unit if all units are allocated.



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Cromwell E-Reit completes 80.3m euro purchase of 3 French office properties



CROMWELL European Real Estate Investment Trust (Cromwell E-Reit) has completed the acquisition of three freehold office properties in Greater Paris, which cost some 80.3 million euros (S$122.7 million) in total, its manager said in a filing on Thursday.



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Beauty World Plaza's second en bloc try ends with no takers



BEAUTY World Plaza's second en bloc attempt at an unchanged reserve price of S$165 million failed to draw any takers.



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Aims Apac Reit secures master tenant for Tuas property



AIMS Apac Reit (AA Reit) announced on Thursday it has secured a master tenant for its property at 3 Tuas Avenue 2.



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Cromwell E-Reit completes 80.3m euro purchase of 3 French office properties



CROMWELL European Real Estate Investment Trust (Cromwell E-Reit) has completed the acquisition of three freehold office properties in Greater Paris, France, which cost some 80.3 million euros (S$122.7 million) in total, its manager said in a filing on Thursday morning.



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Row of six freehold shophouses in Joo Chiat up for sale via public tender



A ROW of six adjoining three-storey shophouses along Joo Chiat Road has been put for sale via public tender, real estate services firm CBRE said on Wednesday.



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Frasers Property secures A$500m green loan for two Singapore properties



FRASERS Property has secured a A$750 million (S$715.2 million) term loan, comprising a A$500 million green loan tranche and a A$250 million five-year tranche. The A$500 million tranche is Singapore's first green loan with a pricing structure linked to the BCA Green Mark, the real estate developer said on Wednesday.



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CCT acquires second property in Frankfurt



CAPITALAND Commercial Trust (CCT) continues to deepen its presence in Frankfurt with the acquisition of a freehold office building - its second investment in the German metropolis under two years.



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Row of 6 freehold shophouses in Joo Chiat up for sale via public tender



A ROW of six adjoining three-storey shophouses along Joo Chiat Road has been put for sale via public tender, real estate services firm CBRE said on Wednesday afternoon.



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CCT to buy German office building from CapitaLand, Lum Chang for 133.4m euros



CAPITALAND Commercial Trust (CCT) will acquire an effective 94.9 per cent interest in the holding companies of a freehold office building in Frankfurt, Germany, from its sponsor CapitaLand and Lum Chang Holdings.



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