Posts Tagged ‘Properties’
Floods Hit Eastern Australia, 200,000 Properties Blacked Out
Torrential rain from the remnants of Cyclone Alfred flooded swathes of Australia’s east coast on Monday, as workers battled to restore power to more than 200,000 homes and businesses. Even as the weather system weakened, authorities issued a string of flood and severe weather warnings across a 400-kilometre (250-mile) stretch of coast straddling Queensland and…
Read MoreGIC’s former Japan head sets sights on 25 billion yen fund to target residential properties in Japan
He believes that macro conditions will provide a conducive environment for Patience Capital PATIENCE Capital Group, the real estate investment manager helmed by Ken Chan, former Japan head of Singapore sovereign wealth fund GIC, is raising a new 25 billion yen (S$225.5 million) fund focused on residential properties in Japan. This comes off the back…
Read MoreOng Beng Seng’s HPL to focus on Orchard Road properties after exiting Cuscaden consortium
HOTEL Properties Limited (HPL), the real estate player owned by tycoon Ong Beng Seng, will focus on developing its assets and holdings after exiting a Temasek-backed consortium that owns Paragon real estate investment trust (Reit) among other assets. “Hotel Properties Limited, Tiga Stars’ parent company, plans to focus its resources on the development of its…
Read MoreTimes Properties offers to privatise Paragon Reit at S$0.98 per unit
TIMES Properties, a wholly owned subsidiary of Cuscaden Peak Investments, is looking to take Paragon Real Estate Investment Trust (Reit) private by way of a trust scheme of arrangement, for S$0.98 per unit. The offeror is looking to acquire all units in Paragon Reit held by unitholders, other than Cuscaden Peak and its subsidiaries. Cuscaden…
Read MoreCapitaLand Malaysia Trust to buy three freehold industrial properties in Johor-Singapore SEZ for RM72 million
CAPITALAND Malaysia Trust (CLMT), a subsidiary of CapitaLand Investment, on Wednesday (Feb 5) signed a conditional agreement to acquire three freehold industrial properties for a cash consideration of RM72 million (S$22 million) from Rainbow Entity, a subsidiary of Bursa Malaysia-listed Gromutual. The properties are located in Senai Airport City, an industrial and manufacturing hub in…
Read MoreStocks to watch: Sats, Hotel Properties, Manulife US Reit
THE following companies saw new developments that may affect trading of their securities on Friday (Jan 10): Sats: The company and its wholly owned subsidiary Worldwide Flight Services (WFS) have clinched 14 new cargo and ground-handling contracts from Air India in major airports around the world. The group landed these deals in a global tendering…
Read MoreOng Beng Seng acquires 150,000 more shares in Hotel Properties for S$537,000
PROPERTY tycoon Ong Beng Seng has acquired 150,000 shares in Hotel Properties Limited (HPL) via an off-market transaction for S$3.58 per share. Following the transaction, his stake in the company increased to 60.22 per cent, up from 60.19 per cent previously, according to a bourse filing on Thursday (Jan 9). Ong now holds a deemed…
Read MoreTrump Joins Team Musk in Heated MAGA Immigration Debate: ‘I Have Many H-1B Visas on My Properties’
President-elect Donald Trump waded into the work visa program debate in support of Elon Musk. Anna Moneymaker/Getty Images President-elect Donald Trump waded in to the ongoing debate between Elon Musk and MAGA supporters about the merits of the H-1B visa program in an exclusive interview with the New York Post. “I’ve always liked the visas,…
Read MoreMah Sing Group remains focused on affordable residential properties, while eyeing data centres and industrial market for growth
It is optimistic that industrial projects will benefit from Malaysia’s chairmanship of Asean next year RECOGNISED as a leading property developer in Malaysia, Mah Sing Group’s track record in new property sales has been impressive. The group set a higher sales target of at least RM2.5 billion (S$755.5 million) for 2024 and, having already hit…
Read MoreMapletree Logistics Trust divests two warehouse properties in Japan for S$37.5 million
MAPLETREE Logistics Trust (MLT) has completed the divestment of two warehouse properties in Japan for 4.25 billion Japanese yen (S$37.5 million). Its manager said on Wednesday (Nov 27) that MLT’s trustee – HSBC Institutional Trust Services (Singapore) – had entered into sale and purchase agreements with a third-party buyer for the proposed divestment of Toki…
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