Singapore commercial property market activity leaps by 200%

11 May 2021 - Singapore Business Review
Singapore is amongst those countries building momentum in the commercial market this year. Singapore's commercial property market experienced a huge leap in activity in Q1, with volumes registering a 200% increase in the market amounting to $2b (US$1.5b) in Q1 2021, according to a study by Real Capital ...
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OUE, Auric to take 40% stake of Indonesia's Matahari retailer

6 May 2021 - Singapore Business Review
The two firms have formed a joint venture that has offered to buy at $0.14 (IDR1,530) per offer share. The OUE Retail Holdings Pte. Ltd. has entered in a joint venture with Auric Bespoke I Ptr. Ltd. (ABIPL) to acquire 40% in the capital of PT Matahari Department Store Tbk. The joint venture established ...
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OUE C-REIT net property income slips l.6% to $61.1m

5 May 2021 - Singapore Business Review
While its commercial portfolio remained resilient, OUE C-REIT's hospotality business took a hit in the first quarter. OUE Commercial REIT reported a 1.6% slip in its net property income to $61.1m for the first quarter of 2021. In a bourse disclosure, the property firm attributed this loss to rental rebates ...
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OUE C-Reit redeems $155m convertible units in One Raffles Place deal

4 May 2021 - Singapore Business Review
THe units will be redeemed on 1 June. OUE Commercial REIT Management Pte Ltd has announced, in its capacity as manager, that it will redeem 155m convertible perpetual preferred units (CPPUs) of OUE Commercial Real Estate Investment Trust, worth $155m. In a notice, the manager of OUE C-Reit announced ...
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Real estate investment deals up 26.7% in Q1, 2021

8 Apr 2021 - Singapore Business Review
Residential properties led the investment sales, Knight Frank Singapore has reported. Investment sales activity amounted to $3.8b in the first quarter of the year, reflecting a 26.7% year-on-year increase from $3b in 2020, according to Knight Frank SIngapore. This was linked to the residential sector, ...
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OUE to acquire OUELH stake from ITOCHU

24 Mar 2021 - Singapore Business Review
OUE will support the long-term prospects of OUELH. OUE has signed an agreement with Tokyo-based ITOCHU Corporation to purchase its shares of OUE Lippo Healthcare (OUELH). In an announcement in the Singapore Exchange, the real estate giant said it has signed a purchase agreement and a memorandum of understanding ...
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OUE Lippo Healthcare wins Wuxi land dispute

23 Mar 2021 - Singapore Business Review
Eqixin Hospital Investment Management has withdrawn its land litigation appeal. The Wuxi Intermediate Court has ruled in favor of OUE in a land dispute case against Shanghai-based Weixin Hospital Investment Management over a property in China. In a bourse disclosure, OUE announced that rival company ...
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OUE Lippo Healthcare to roll out recapitalisation plan

25 Feb 2021 - Singapore Business Review
Part of the plan is converting existing shareholder loans and accrued interests. OUE Lippo Healthcare Limited will be rolling out a recapitalisation plan that will see existing shareholder loans and accrued interest of $189.6m into equity in the form of 4% convertible perpetual bonds. These bonds, called ...
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OUE projects net loss for FY2020

18 Feb 2021 - Singapore Business Review
The pandemic has affected the ability of tenants to pay rent and other fees. OUE Limited has informed it shareholders that it would likely post a loss for 2020, the company disclosed on 17 February. On its investment properties, OUE reported an approximate loss of $424.4m. Approximately $298.9m, or 68.8%, ...
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Stocks to watch: Keppel, ThaiBev, MNACT, ComfortDelGro, ST Engineering

29 Jan 2021 - The Business Times
THE following companies saw new developments that may affect trading of their securities on Friday: Keppel Corporation: It will be restructuring subsidiary Keppel Offshore & Marine (Keppel O&M) into a slimmer, more asset-light one. Keppel will to exit the offshore rig building business after completing ...
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