CapitaMalls Asia said yesterday it has signed a conditional agreement to form a joint venture to develop a shopping mall and office tower project worth about S$1.28 billion in Suzhou in Jiangsu province. CapitaMalls Asia, a subsidiary of CapitaLand, will jointly develop and own a shopping mall and two office towers on a site in Suzhou Centre with Suzhou Industrial Park Jinji Lake Urban...
Singaproe REITS
K-REIT Asia said it will distribute 1.79 cents for its distribution per unit (DPU) for the first quarter of 2011. This is a 34.6 per cent increase from the same period a year ago. Distributable income for the group grew by 36.1 per cent year-on-year to S$24.3million due to contributions from newly acquired assets, the Trust said. This brings the annualised distribution of the REIT to 7.26 cents per...