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M&G Real Estate bullish on Asia logistics sector; forecasts 8.8% return in 2020

M&G Real Estate bullish on Asia logistics sector; forecasts 8.8% return in 2020

Posted on: Jan 27, 2020

SINGAPORE (EDGEPROP) - Logistics markets with relatively larger domestic consumer bases and stronger e-commerce growth are likely to continue to register healthy demand, reveals M&G Real Estate in its real estate market outlook, covering the segments of logistics, retail, residential and office ...

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Residential transactions with contracts dated Jan 7 to 14 [DONE DEALS]

Residential transactions with contracts dated Jan 7 to 14 [DONE DEALS]

Posted on: Jan 27, 2020

Read also:Residential transactions with contracts dated Dec 31 to Jan 7 [DONE DEALS]Residential transactions with contracts dated Dec 17 to 31 [DONE DEALS]Unit at The Jade sold for $712,880 profitSource: https://www.edgeprop.sg/property-news/residential-transactions-contracts-dated-jan-7-14-done-dea...

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Flight to quality continues in industrial property as tenants flock to limited high spec space

Flight to quality continues in industrial property as tenants flock to limited high-spec space

Posted on: Jan 27, 2020

SINGAPORE (EDGEPROP) - A two-tiered industrial property market looks set to emerge in Singapore this year on the back of limited supply of high-quality industrial space, as older industrial spaces in the suburbs struggle to attract tenants, says Dominic Peters, senior director of industrial services...

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ESR REIT's CEO outlines merger benefits, growth plans

ESR-REIT's CEO outlines merger benefits, growth plans

Posted on: Jan 27, 2020

SINGAPORE (Jan 23): Adrian Chui, CEO of ESR-REIT’s manager may have started a trend. In 2018, ESR-REIT merged with Viva Industrial Trust in a share and cash offer. VIT unitholders were paid 96 cents per unit of which 90% was with ESR-REIT units, and 10% in cash. In 2019, two mergers were completed...

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JLL appoints Fergal Harris as head of Australia capital markets

JLL appoints Fergal Harris as head of Australia capital markets

Posted on: Jan 27, 2020

SINGAPORE (EDGEPROP) - Fergal Harris has been appointed as JLL’s head of Australia capital markets, and will begin his new role next month. The global real estate consultancy says that this appointment will bolster its capabilities in one of Asia Pacific’s key real estate markets.Stephen Conry, ...

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Frasers Property to acquire London business park for $238 mil

Frasers Property to acquire London business park for $238 mil

Posted on: Jan 27, 2020

SINGAPORE (Jan 23): Frasers Property Limited (FPL) is set to acquire Lakeshore, Bedfont Lakes business park in London for £135 million (S$238 million) through its indirect subsidiary  Frasers Property Holdings UK, the group reported on Thursday.The group has entered into a sale and purchase ag...

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UOL acquires 154 key hotel in Jakarta for $67.5 mil

UOL acquires 154-key hotel in Jakarta for $67.5 mil

Posted on: Jan 27, 2020

SINGAPORE (EDGEPROP) - UOL Group announced the acquisition of a 154-key hotel in Tower 2 of integrated development Thamrin Nine in Jakarta, Indonesia for US$50 million (S$67.5 million) from PT Putragaya Wahana Group (PWG). The hotel, which is under construction, will be branded Pan Pacific Jakarta.T...

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Central Region office rents down 3.2% q o q in 4Q2019; overall decline of 3.1% for whole year

Central Region office rents down 3.2% q-o-q in 4Q2019; overall decline of 3.1% for whole year

Posted on: Jan 27, 2020

SINGAPORE (EDGEPROP) - In 4Q2019, the office rental index in the Central Region registered a decrease of 3.2% q-o-q. This rental decline was steeper than the -0.6% q-o-q in 3Q2019, notes Desmond Sim, CBRE head of research for Southeast Asia. This brings the total office rental index to a 3.1% declin...

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Glimmers of hope in the retail sector?

Glimmers of hope in the retail sector?

Posted on: Jan 27, 2020

SINGAPORE (EDGEPROP) - URA’s statistics showed retail rents continued to improve in 4Q2019. Retail rents in the Central Region were 2.3% higher q-o-q, showing the same pace of growth as the previous quarter.For the full year 2019, retail rents for the Central Region were up 2.9% y-o-y, reversing t...

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