Ascendas Reit to purchase suburban office building in Sydney for A$167.2m



ASCENDAS Reit's manager announced on Friday after trading hours that it is acquiring a suburban office building to be developed at 1 Giffnock Avenue, Macquarie Park, in Sydney, Australia, for A$167.2 million (S$161 million) from Frasers Property Industrial and Winten Property Group.



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Warehouse rents in Asia-Pacific hold steady on e-commerce demand: Knight Frank



THE first half of 2020 largely turned out to be a "resilient" period for Asia-Pacific warehouse markets; and expectations are for this sector's rents in Singapore to remain stable till the rest of the year, according to research by property consultancy Knight Frank.



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Will OUE Commercial Reit sell some of its assets?



OUE this week completed the sale of the landmark US Bank Tower in Los Angeles for US$430 million, or at two-thirds of its US$650 million valuation as at Dec 31, 2019.



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UOB issues S$120m green loan for healthcare complex



UOB has issued a S$120 million green loan to healthcare firm The Farrer Park Company to refinance the latter's integrated healthcare and hospitality complex, Connexion.



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BCA cuts 2020 forecast for projected construction demand by S$10b



THE Building and Construction Authority (BCA) on Thursday said it has reduced its forecast for this year's projected construction demand by S$10 billion from its earlier January forecast.



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Eagle Hospitality Trust issues demand to some master lessees to pay rent or vacate



EAGLE Hospitality Trust (EHT) has served "pay/perform or quit" statutory notices to its master lessees in US states which have those requirements.



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PropNex Realty to roll out S$7.3m career enhancement package for agents



PROPNEX Realty, a subsidiary of mainboard-listed real estate agency PropNex Limited, will roll out a S$7.3 million career enhancement package to equip its 8,700 sales agents with skills to perform "in the new norms of the real estate industry", it said in a bourse filing on Wednesday.



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Broker's take: DBS says time to relook Singapore office Reits as China tech firms spur demand



DBS Group Research on Wednesday reiterated its positive stance on Singapore office real estate investment trusts (Reits), citing a potential upcycle in office demand spurred by the expansion plans of Chinese tech giants.



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Propnex to roll out S$7.3m career enhancement package for agents



PROPNEX Realty, a subsidiary of mainboard-listed real estate agency Propnex Limited, will roll out a S$7.3 million career enhancement package to equip its 8,700 sales agents with skills to perform "in the new norms of the real estate industry", it said in a bourse filing on Wednesday.



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Sembcorp and Google sign multi-year renewable energy deal



SEMBCORP Industries has signed a multi-year renewable energy deal to provide a total energy solution to tech giant Google, with a focus on locally-sourced renewable power to support Google Singapore's operations.



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Two land parcels for food farming up for sale by tender: SFA



THE Singapore Food Agency (SFA) on Tuesday announced it has launched two land parcels for food farming at Lim Chu Kang and Sungei Tengah for sale by public tender.



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S-Reit perps market reviving; year-to-date issues total S$575m



DEMAND is returning to Singapore-listed real estate investment trust (S-Reit) perpetual securities.



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Recession? 2020 new home sales could top 2019's



DESPITE economic headwinds and the Hungry Ghost Festival, developers in Singapore sold 1,256 private homes in August, 16 per cent higher than July's take-up.



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Quarz ups stake slightly in Sabana Reit



QUARZ Capital has raised its stake in Sabana Reit slightly from 5 per cent as it stood in late July to 6 per cent on Monday.



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Geylang clan association building for sale with S$36m guide price



A FREEHOLD institutional building at 26 Lorong 27A Geylang is up for sale via expression of interest with a guide price of S$36 million, exclusive marketing agent Cushman & Wakefield said on Tuesday.



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