Sovereign wealth funds
GIC acquires 25.1% stake in $4 bil Sydney office property trust
SINGAPORE (Aug 19): Sovereign wealth fund GIC announced Monday it is acquiring a 25.1% stake in Lendlease International Towers Sydney Trust (LLITST) from Canada Pension Plan Investment Board and Au
Broker's Calls
Suntec REIT kept at 'neutral' by RHB on operational weaknesses
SINGAPORE (June 20): RHB Research is maintaining Suntec REIT at ‘neutral’ despite an improved balance sheet, given operational weaknesses are expected to persist until 1H20.
M&A
MindChamps acquires 8 more Sydney preschool centres for $39.3 mil
SINGAPORE (Apr 8): MindChamps Preschool Limited is acquiring eight more early learning centres in Sydney, Australia, for a total of A$40.84 million ($39.3 million) from Malek Family Pte Ltd and Mal
Property
Property markets from Hong Kong to Sydney join global downturn
(Jan 7): Asia is finally succumbing to the global property slowdown that’s jolted homeowners and investors from Vancouver to London, with markets in Singapore, Hong Kong and Australia showing fresh
Broker's Calls
Continued overseas expansion to fuel a stronger 2H for MindChamps: RHB
SINGAPORE (Oct 17): RHB Research is maintaining its “buy” call on MindChamps Preschool with an unchanged target price of 94 cents based on a blended valuation methodology comprising a target EV/EBI
M&A
ComfortDelGro expands Australia operations with $136.2 mil worth of acquisitions
SINGAPORE (Aug 8): Land transport operator ComfortDelGro (CDG) is acquiring privately-run family bus and coach operator FCL Holdings, two freehold depot sites and a coastal operator for a total of
Keppel DC REIT to build Sydney data centre in Macquarie Business Park
SINGAPORE (Aug 7): The manager of Keppel DC REIT (KDC REIT) intends to build a new shell and core data centre on vacant land within the Macquarie Business Park precinct in Sydney, Australia, as an
Results
MindChamps 2Q earnings double to $1.3 mil on higher revenue; to acquire 2 preschool centres in Sydney
SINGAPORE (Aug 6): MindChamps Preschool saw a near doubling of 2Q earnings to $1.3 million from $0.7 million in 2Q17 on higher revenue.
Property
Roxy-Pacific to sell Sydney CBD office building for $153.4 mil
SINGAPORE (May 4): Roxy-Pacific Holdings says its 50%-owned subsidiary, Feature-Roxy, has entered into a non-binding agreement sell its freehold property at 117 Clarence Street, Sydney, Australia,
M&A
MindChamps acquires 4 preschool centres in Sydney for $13.1 mil
SINGAPORE (Apr 26): MindChamps PreSchool has inked agreements to acquire four more early learning centres in Sydney, Australia, for a total of A$13 million ($13.1 million).
