iREIT Global

iREIT-linked Tikehau Capital hires scandal-stricken French presidential candidate Fillon
SINGAPORE (Sept 7): Tikehau Capital started with just €4 million ($6.4 million) in assets under management in 2004 but is now one of Europe’s fastest growing asset managers with €10.3bn in AUM. Its ambition? To build a “Blackstone of Europe” with €20 billion in assets by 2020. Tikehau is organised around four main business lines – real estate, private equity, liquid strategies ...
These 3 trusts have generated the highest yields as SGX newcomers
SINGAPORE (Aug 22): Over the past five years, as many 15 trusts – comprising 10 real estate investment trusts (REITs) and stapled trusts – have listed on the Singapore Exchange (SGX) to make up about one quarter of the combined market capitalisation of listed REITs and stapled trusts in Singapore. These trusts invest in property assets spanning hotels, shopping centres, office towers, ...
REITs holding foreign assets gaining traction on higher yields, good growth
This article appears in Issue 784 (June 19) of The Edge Singapore which is on sale now SINGAPORE (June 21): Real estate investment trusts holding foreign assets have traditionally struggled to develop a following in the local market, partly because their assets and sponsors are unfamiliar. As US interest rates rise, however, the relatively high yields and globaloriented growth prospects ...
DBS puts IREIT on ‘hold’ over gearing and acquisition plans after new mandate
SINGAPORE (May 24): DBS is maintaining its “hold” on IREIT Global with a 75 cents target price even as a new sponsor comes on board. While offering an attractive yield of over 7.5%, uncertainty over the acquisitions to be made by IREIT’s new sponsor Tikehau Capital, a European investment manager, will likely cap IREIT’s near-term share price performance. DBS says it is more cautious ...
IREIT Global posts 8.9% decline DPU of 1.44 cents for 1Q
SINGAPORE (May 11): The manager of IREIT Global posts distribution per unit (DPU) of 1.44 cents for the first quarter ended March, some 8.9% lower than DPU of 1.58 cents a year ago. This was mainly due to the retention of part of the distributable income for the period, in accordance with IREIT's distribution policy. Income available for distribution grew 1.4% to €6.5 million ($10.0 ...
SGX, iREIT Global, Asiatravel, Neo Group, Trek 2000, China Star Food Group
SINGAPORE (March 14): Here are some stocks that could move the market this Tuesday morning. The Singapore Exchange (SGX) has raised the cap for companies seeking a general mandate for an issue of pro-rata renounceable rights from 50% of its share capital previously to 100%. See: SGX raises renounceable rights issue cap to 100% of share capital The manager of iREIT Global has announced ...
iREIT Global subsidiaries granted extension for bank loan facility of over $35.6 mil
SINGAPORE (March 14): The manager of iREIT Global has announced that four of its indirectly wholly-owned subsidiaries – namely Laughing Rock 11 B.V., Laughing Rock 12 B.V., Laughing Rock 13 B.V. and Laughing Rock 14 B.V. – have together been granted an extension of a bank loan facility amounting to over 23.6 million euros ($35.6 million). The lender is HSH Nordbank AG, a commercial bank in ...
IREIT Global suffers from sponsor uncertainty
SINGAPORE (Nov 25): DBS Group Research is cautious over IREIT Global maintaining a “hold” call with a target price of 75 cents, citing uncertainty with its new sponsor, Tikehau Capital. Lead analyst Mervin Song notes that IREIT offers an attractive yield of over 8%, however, coupled with uncertainty over its sponsor, might cap the REIT’s near-term performance. “Furthermore with ...
IREIT Global 2Q DPU rises 45.5% to 1.60 cents
SINGAPORE (Aug 10): IREIT Global announces distribution per unit (DPU) of 1.60 cents for 2Q16, an increase of 45.5% compared to the same period last year. This was mainly due to contribution form IREIT’s Berlin Campus, which was acquired in August 2015. The first Singapore-listed real estate investment trust focused on European office properties, IREIT Global saw distributable income soar ...
Temasek subsidiary punches into MMA with ‘eight-figure’ One Championship deal
SINGAPORE (July 13): Grappling with its first portfolio decline in 7 years, Singapore’s state-owned investment company Temasek Holdings is looking to mixed martial arts (MMA) to score a knockout amid a challenging economic climate. Temasek’s wholly-owned subsidiary Heliconia Capital Management is leading a consortium to invest in Singapore-based MMA promoter One Championship. While the ...