Asset Enhancement Initiatives (AEI)

FLCT to begin façade enhancements initiative to 50%-owned Central Park in Australia - THE EDGE SINGAPORE

REITs

FLCT to begin façade enhancements initiative to 50%-owned Central Park in Australia

Frasers Logistics & Commercial Trust (FLCT) says it will be beginning its façade enhancement initiative for its 50%-owned Central Park in Perth, Australia, in mid-2021.

ESR-REIT likely to look overseas for growth following FY2020 DPU decline  - THE EDGE SINGAPORE

REITs

ESR-REIT likely to look overseas for growth following FY2020 DPU decline

In a results briefing on Jan 20, Adrian Chui, CEO of ESR-REIT’s manager says that he plans to look overseas for growth some time this year.

Property

CityDev buys Aldgate House in London for $328 mil, expects immediate accretion

SINGAPORE (Sept 14): Property developer City Developments Limited (CDL) has acquired a prime freehold Grade A commercial building, Aldgate House, in London for £183 million ($328 million).

Broker's Calls

ESR-REIT to undergo a soft 2H18, but valuations remain attractive: CIMB

SINGAPORE (Apr 24): CIMB is reiterating its “add” call on ESR-REIT while lowering its target price on the trust to 60 cents from 64 cents previously after cutting FY18F-20F DPU estimates by 8-9.7%.

Broker's Calls

Fresh-faced Viva Industrial Trust could see even brighter prospects this year

SINGAPORE (July 18): RHB Research continues to rate Viva Industrial Trust (VIT) at “buy” with a 97-cent target price following the trust’s completion of its asset enhancement initiative (AEI) at Vi

Property

Straits Trading buys stake in Sydney office building for $123 mil

SINGAPORE (June 6): Straits Real Estate, a subsidiary of Straits Trading Company, is investing roughly A$119 million ($122.7 million) for a stake in a 32-storey office building located at 320 Pitt

Broker's Calls

What could nudge SPH REIT’s unit price higher?

SINGAPORE (Oct 10): CIMB has raised its target price on SPH REIT to $1.05 from $1.03 previously, while maintaining its “hold” rating based on limited upside.

×