October Property Market Review
[October - 27 - 2018] Mainland China local developer in Henan continued IPO capital raising plan in Hong Kong, targeting HKD420 million
[October - 2 - 2018] Keppel Corporation's property arm Keppel Land has entered into a joint venture with Indian property developer Puravankara Limited to buy a 3.09 hectare site in Bangalore and develop Keppel's first commercial development in India. The two have entered into agreements through Keppel Puravankara Development (KPDL) to acquire the prime site in Yeshwantpur, Bangalore, from Metro Cash and Carry India Private Limited (MCCIN) for about 4.05 billion rupees (SGD 81 million), it will be Keppel Corp's first commercial development in India.
[October - 2 - 2018] CapitaLand invests in co-working space company in Singapore
[October - 2 - 2018] Wheelock and Company proceeds to delist Wheelock Singapore from Singapore Stock Exchange
[October - 2 - 2018] Ascendas Reit said on Thursday evening that it has completed its £253.25 million (SGD451.67 million) acquisition of 26 logistics properties in the UK. Following the acquisition, each seller has entered into an asset and lease management agreement with Ascendas Management (UK), to appoint Ascendas Management (UK) as the asset manager for a term of about four years till Sept 30, 2022, the company said
[October - 8- 2018] Singapore's GIC is buying a 4.7% stake in Vietnam's Masan Group, according to local media report
[October - 11 - 2018] China mainland property developer Midea Real Estate and Dafa Property kicked off listing on the Hong Kong Stock Exchange today
[October - 16 - 2018] GIC will acquire a 40-storey office tower with a gross lettable area of 64,500 m2 Tour Ariane in Paris for approximately EUR465 million, from Unibail-Rodamco-Westfield
[October - 18 - 2018] Keppel T&T Q3 net profit down 12% on higher operating costs. Keppel Telecommunications & Transportation (T&T) on Tuesday reported a third quarter net profit of SGD 11.8 million, 12% lower than the SGD13.5 million recorded during the same time period last year.
[November - 1 - 2018] Suntec Reit's manager ARA Trust Management (Suntec) announced on October 31 that Chan Kong Leong has resigned as CEO and executive director of the manager, with his last day of service on December 31. He will be replaced by former OUE Hospitality Reit Management CEO Chong Kee Hiong, appointed with effect from January 1