China unveils fresh measures to boost rental housing, pave way for Reits



[BEIJING] China unveiled fresh measures to support the rental housing market on Wednesday, making it easier for companies in the sector to raise money and paving way for retail investors to buy into securities such as Real Estate Investment Trusts (Reits).



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Perennial secures IWG as tenant at TripleOne Somerset to house 35,000 sq ft co-working space



PERENNIAL Real Estate Holdings on Wednesday evening said that it has leased over 35,000 square feet of space at TripleOne Somerset to IWG, a provider of flexible workspace solutions.



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Cache Logistics Trust Q1 DPU falls to 1.507 Singapore cents on larger unit base



CACHE Logistics Trust, which owns logistics warehouse properties in Singapore, China and Australia reported that first-quarter distribution per unit slipped to 1.507 Singapore cents from 1.723 Singapore cents a year ago.



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Ascendas India Trust Q4 DPU increases 8% to 1.65 cents



POSITIVE rental reversions and additional income from assets lifted results for IT park owner Ascendas India Trust (a-iTrust) in its fourth quarter.



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After years of decline, a California port city sheds its past



[NEW YORK]The port city of Long Beach, California, has long struggled to revive its downtown core, which steadily deteriorated as the Navy pared down and eventually closed its decades-old operations there by the late '90s, with military contractors following.



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Plan for new 'Hong Kong town' in mainland China sparks backlash



[HONG KONG] A proposal to build a commuter town for Hong Kongers in mainland China to solve an acute housing crisis was slammed Wednesday as ghettoising poorer residents and compromising the city's autonomy.



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Frasers Centrepoint Trust Q2 DPU up 2% on higher revenue



FRASERS Centrepoint Trust (FCT) on Wednesday posted a higher distribution per unit (DPU) of 3.10 Singapore cents for the second quarter, from 3.04 Singapore cents in the year-ago period, on higher revenue and property income.



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AA Reit Q4 DPU falls 5.4% to 2.63 S cents



AIMS AMP Capital Industrial Reit (AA Reit) on Wednesday reported a lower distribution per unit (DPU) of 2.63 Singapore cents for the fourth quarter, from 2.78 Singapore cents a year ago.



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Suntec Reit's Q1 DPU up 0.3% to 2.4 S cents



SUNTEC Reit's Q1 distribution per unit (DPU) rose 0.3 per cent to 2.433 Singapore cents per unit, on the back of higher gross revenue and net property income mainly from its Suntec properties.



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JTC tenders 2 sites in Tuas, releases one site for sale application



JTC has put up for tender two industrial sites in Tuas and released another in the same area for application for sale, it announced on Tuesday.



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Cromwell European Reit buying freehold office building in Italy



CROMWELL European Real Estate Investment Trust (Reit) is acquiring a freehold office building at Via Jervis 13, Ivrea, Italy, for 16.9 million euros (S$27.3 million).



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Pei Fu building in S$76.25m collective sale



NEWLY-LISTED SLB Development announced on Tuesday that subsidiary Oxley Kyanite has exercised the option to acquire freehold Pei Fu Industrial Building for a total of S$76.25 million.



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ESR-Reit acquires Tampines logistics facility for S$95.8m



ESR-REIT announced that it had on Monday entered into a conditional agreement with vendor Tampines Distrihub to acquire a logistics facility for S$95.8 million.



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MCT Q4 DPU up 0.01 cent, full-year DPU at 9.04 cents



DISTRIBUTION per unit (DPU) for Mapletree Commercial Trust in its fourth quarter ended March 31 crept up to 2.27 Singapore cents from 2.26 Singapore cents. This will be paid on May 31, and books will close May 3.



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CapitaLand Commercial Trust Q1 DPU down 11.7%



CAPITALAND Commercial Trust (CCT) posted a lower distribution per unit (DPU) of 2.12 Singapore cents for the first quarter from 2.40 Singapore cents the year before.



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