Mainboard-listed healthcare trust Parkway Life REIT (PLife REIT) has acquired five new nursing home properties in Japan for some S$46.8 million. The properties will be bought from Yugen Kaisha, which is a subsidiary of Kenedix, a real estate asset manager in Japan. PLife REIT had previously acquired 15 nursing home properties from Kenedix. It said it is buying the properties because they are...
REITS
CapitaMalls Malaysia Trust, CMMT, a unit of Singapore-listed CapitaMalls Asia, is raising some 852 million ringgit (267 million US dollars) in its initial public offering, IPO. It has fixed its final price for institutional and cornerstone investors at one ringgit per share, while the final retail price is set at 98 sen per unit. The final price is lower than its previous indicative price of 1.08 ringgit...
Two foreign banks, ANZ and BNP Paribas, have become the latest to sign up for space at Ocean Financial Centre at Raffles Place. This raises the pre-commitment levels at the building to over 60 per cent. Analysts said demand and rentals for prime office space is expected rise in the short term as companies in the region continue to expand their businesses. Putting the final touches at the topping-out...
CapitaMalls Asia (CMA) is buying a Malaysian mall from an associate firm of Metro for S$91.5 million after the Metro unit exercised a put option. The move by Metro's Gurney Plaza requires CMA's CapitaRetail Gurney to buy the property called Gurney Plaza Extension. Located in Penang, Gurney Plaza Extension is a nine storey retail block. It is part of the Gurney Park development and has about 12,500...
Mapletree Investments, the real estate arm of Temasek Holdings, has said it hopes to list two real estate investment trusts (REITs) soon. One of them is an industrial REIT with S$1.73 billion in assets to be listed on the Singapore Exchange by the end of the year. These plans were revealed at the sidelines of Mapletree's results briefing on Wednesday. Mapletree Investments has seen its net profit surge...
Malaysian retail investors can now own a piece of their favourite shopping malls with the planned listing of the country's first pure play shopping mall real estate investment trust. CapitaMalls Malaysia Trust, a unit of Singapore based CapitaMalls Asia, may raise up one billion ringgit (RM) - or US$308 million - through the initial public offering. It is one of the largest IPOs in South-east Asia this...
CapitaMalls Asia (CMA) said its Malaysian unit is launching its prospectus and retail offering on Monday. CapitaMalls Malaysia Trust or CMMT's final retail price will be the lower of its retail offer price of 1.08 ringgit per unit or the institutional price less a discount of 2 sen. At an indicative price of 1.08 ringgit, CMMT said the retail offer will provide a distribution yield of 6.9 per cent. This...
CapitaMalls Asia (CMA) has received approval to list its Malaysian property assets on the Malaysian exchange, Bursa Malaysia. CapitaMalls Malaysia Trust (CMMT) will be the holding entity of its Malaysia-based shopping malls, with some 1.35 billion CMMT units expected to be listed. An expected 786.5 million units will be offered for sale, with CMA retaining a 41.74 per cent in CMMT. A book-building...
Mainboard-listed CDL Hospitality Trusts said its new units were placed out at the lower end of its indicative range. It has fixed the issue price for each new unit at S$1.71. Its indicative range was between S$1.71 and S$1.77. At the price of S$1.71, it represents a discount of 7.1 per cent to the adjusted volume weighted average price of S$1.8402 per stapled security. CDL Hospitality said its private...
CDL Hospitality Trusts is placing out new stapled securities to raise net proceeds of up to S$196 million. The trust said the issue price will range between S$1.71 and S$1.77 per stapled security, with the final price fixed after a book-building exercise. This represents a discount of 6.3 per cent to 9.4 per cent to the counter's volume weighted average price on Monday. The placement aims to raise S$150...