Starhill Global REIT is set to acquire David Jones Building, a retail property located in central Perth, Australia for A$114.5 million ($148 million) from Centro, a real-estate company based in Australia, via a special purpose unit trust structure established in Australia. In addition, Starhill Global REIT says it has entered into an agreement with the trustee of Starhill REIT of Malaysia to indirectly...
Starhill Global Reit
Starhill Global REIT today announced a distributable income $18.3 million for 3QFY2009, 7.8% higher than the $17 million in 3QFY2008. Post rights issue, Distribution Per Unit (DPU) for the period from Jul 1 to Sept 30, 2009 was 0.95 cents, 6.7% higher compared to the adjusted 0.89 cents achieved for the previous corresponding period. On an annualised basis, the latest distribution represents a yield of...
Singapore-listed Starhill Global Reit, which owns stakes in Wisma Atria and Ngee Ann City, said Wednesday its distribution per unit for the second quarter rose 6.7 per cent year-on-year to 1.9 Singapore cents. Net property income for the three months to June climbed 16.4 per cent to S$27 million, mainly due to higher rates achieved for office renewals and new leases in Singapore, as well as higher revenue...
Starhill Global REIT says it has achieved a distributable income of $18.4 million for 2Q 2009. Distribution Per Unit (DPU) for the period 1 April to 30 June 2009 was 1.90 cents, 6.7% higher compared to the 1.78 cents achieved in 2Q 2008. On an annualised basis, Starhill Global says the latest distribution represents a yield of 12%. Gross revenue in 2Q09 was $33.4 million, or 10.5% higher than that of...
Starhill Global Real Estate Investment Trust has proposed a rights issue to raise some S$337 million. It plans to use the proceeds to reduce debt and fund possible acquisitions. The Singapore-listed property trust is controlled by Malaysia's YTL Corp. Under the plan, it will offer unit-holders one new unit for every existing one held, at an issue price of 35 cents per rights unit. YTL, which owns 26.6...
Mainboard-listed Starhill Global REIT, which owns malls along Orchard Road, has reported a 6.3 per cent increase in its distribution per unit (DPU) for the first quarter of this year, compared to a year ago. The DPU for the three months ended March was 1.87 Singapore cents. Its total income available for distribution also rose 12.2 per cent to S$19.1 million. Of this, S$18 million will be distributed....
Starhill Global Real Estate Investment Trust will pay 1.85 Singapore cents per unit for the fourth quarter of 2008. This is 10.1 per cent higher than the same period a year ago. For the three months to December last year, Starhill Global REIT had distributable income of S$18.1 million. The Trust says its net property income over the period was 17.1 per cent higher at S$26.0 million. This is due mainly...
Singapore-listed Macquarie Prime Real Estate Investment Trust (REIT) has been renamed the Starhill Global REIT. This came after Starhill Global REIT Investments bought a 26 per cent stake in the REIT, as well as a 50 per cent stake in Macquarie Prime REIT's manager, Macquarie Pacific Star Prime REIT Management. Starhill Global is an indirect wholly-owned subsidiary of Malaysia-based conglomerate YTL...
YTL CORP, Malaysia's biggest builder, will spend $285 million for control of Macquarie Prime Real Estate Investment Trust (Reit), owner of stakes in two Singapore malls - Wisma Atria and Ngee Ann City. YTL, which is based in Kuala Lumpur, will buy 26 per cent of Macquarie Prime at 82 cents each from Macquarie Bank, it said yesterday in a statement. The company will also acquire 50 per cent of Prime Reit...