Exclusive * SoftBank Group Corp. is believed to be in negotiations to invest US$2 billion in WeWork Cos. Inc. in 2019. The potential investment is lower than the US$16 billion earlier reported to be earmarked by the Japanese multinational conglomerate for the American co-working space provider. * Singaporean property developer CapitaLand...
Citi’s Take – We provide key investors’ feedback on CapitaLand’s acquisition of Ascendas-Singbridge (ASB) from its attendance at Citi’s 24th Annual Global Property CEO Conference in Miami last week, as well as our marketing in Europe, Hong Kong, Malaysia, Singapore, Thailand and US following the publication of...
Keppel REIT presented at the DBS Vickers Pulse of Asia conference on 8 Jan 2020. For those unfamiliar with the REIT, here are a few short primers. The REIT has approx S$8b of Grade A office assets in Singapore and Australia....
AREIT's proposed $1.66bn acquisition and fund raise AREIT has announced the acquisition of a portfolio of 28 business parks in the US and two BPs in Singapore from its sponsor CapLand, for a combined S$1.66bn (S$1.71m incl transaction cost).  The US portfolio makes up...
SINGAPORE (Mar 3): As investors grapple with the possibility that the Covid-19 outbreak may be more prolonged than initially expected, this may just be the right time to cash in on Singapore REITs (S-REITs). Although highly sought after for their yields and stability, S-REITs have not been...
Puma to lease $25m Melbourne warehouse from Frasers Frasers Property Australia has secured global sports brand Puma as a tenant in a new A$25m speculatively built warehouse in Melbourne's south-east, highlighting the strong demand for logistics space from retailers. “Our strategy to build several...