Goodman’s Chinese fund gets equity boost – Evergrande buys from New World again – A-Reit adds to Australian portfolio
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World property Sun20Sep15 – A-reit enters Australia, Greenwich regeneration
A-reit enters Australian logistics market – $20 billion Greenwich regeneration approved
Read more →World property F7Aug15 – $A70 million home, A-reit looks at mature markets, big European trade
Chinese family’s new Sydney home costs $A70 million – Ascendas reit to expand into mature offshore markets – €1 billion portfolio deal in Europe as investment focus shifts
Read more →World property M26Jan15 – Stockland buys land, small A-reit gain, US shops in Europe
Stockland buys 3 big Melbourne & Brisbane tracts for commuter suburbs – Small rise in A-reit returns follows solid revenue gain – US funds lap up distressed euro property
Read more →World property M27Oct14 – A-reit up, URS deal done, Ferrovial buys UK airports & chases Transfield, Stockland green bonds, Stockland-AMP deals, Unibail-Rodamco selldown, Bangkok super tower
A-reit lifts income 7%, completes Aperia – Aecom completes URS takeover – Ferrovial & Macquarie buy 3 UK airports, Ferrovial also chases Transfield – Stockland prices green bonds – Stockland & AMP do 2 Queensland mall deals – Unibail-Rodamco signs second big mall selldown – 615m tower for Bangkok
Read more →World property M31Mar14 – Canadians buy into Chinese housing, GPT buys half a mall, CFS Retail internalisation done, Westfield advances to split, shift in debt currency, second 360 Capital listing
Canadian pension fund enters housing joint venture with China Vanke – GPT fund buys half of Melbourne shopping centre from Canadian fund – CFS Retail completes internalisation, Dexus takeover of office fund nears completion – Westfield organises funding for new group split – A-Reit shifts funds from euro to yen – Newly listed 360 Capital to list office fund separately
Read more →World property W22Jan14 – A-reit lifts property income by 3.7%
A-reit lifts property income by 3.7%
Read more →A-Reit $S350 million placement to buy 2 properties
A-Reit (the Ascendas Real Estate Investment Trust) announced a $S350 million-plus private placement of 140 million new units on Friday at $S2.50-2.55/new unit. It intends to use $S126 million to buy a Singapore Science Park II property with access to Pasir Panjang Rd and the nearby Haw Par Villa MRT (mass rapid transit) station. It […]
Read more →A-Reit makes $S225 million revaluation gain, net income up 8.5%
Published 20 April 2012 A $S224.5 million net revaluation gain helped Singapore Government-controlled listed investor A-Reit (the Ascendas Real Estate Investment Trust, of Singapore) to a 12.4% increase in revenue to $S503 million for the March year. Ascendas Funds Management (S) Ltd chief executive & executive director Tan Ser Ping said this week net property […]
Read more →A-Reit’s $S17,592/m² bid secures Singapore industrial site
Published 8 June 2011 A-Reit (the Ascendas Real Estate Investment Trust) has bought a 6253m² site at Fusionopolis, within Singapore’s one-north masterplan region, for its tender price of $S110 million. The bid – at $S17,592/m² land value for an industrial site on a 60-year lease – was made under the Singapore Government’s industrial land sales […]
Read more →$S17,592/m² bid for industrial land – that’s Singapore
Published 25 May 2011 Ascendas Funds Management (S) Ltd, manager of the Ascendas Real Estate Investment Trust, has submitted a bid of $S110 million for a 6253m² site at Fusionopolis within Singapore’s one-north masterplan region. The bid – at $S17,592/m² land value for an industrial site on a long-term lease – was made under the […]
Read more →Ascendas reit makes $S345 million revaluation gain
Published 20 April 2011 In sharp contrast with property sector results in New Zealand, Singapore Government-controlled listed investor A-Reit (Ascendas Real Estate Investment Trust) reported boomtime returns for its March year this week. Net income was up just 3.6% to $S233.7 million, but a net revaluation gain of $S344.8 million (a $53.7 million loss last […]
Read more →Singapore’s A-Reit to expand portfolio around Asia
Published 23 November 2010 Singapore Government-controlled Ascendas Real Estate Investment Trust (known as A-Reit) said yesterday it had decided to explore investment opportunities around the rest of Asia. Its manager has set up a representative office in Shanghai and said it would seek yield-accretive investment opportunities & potential capital appreciation, provide access to real estate […]
Read more →Singapore A-Reit bottom line down but business remains strong
Published 21 October 2009 Listed Singaporean property trust Ascendas Reit (A-Reit) said yesterday it grew distributable income by15.4% in the September quarter, from $S53.4 million to $S61.6 million, on net property income up 11.7% to $S81.1 million. But fair-value changes in financial derivatives cost it just under $S9 million, reducing net income by 13.5% […]
Read more →A-Reit lifts earnings 22%
Published 19 April 2009 A-Reit – the Ascendas Real Estate Investment Trust in Singapore – increased its net property income by 21.8% to $S296.6 million in the March 2009 year on revenue up 23% to $S396.5 million. The trust completed 3 development projects, achieving a total revaluation gain of $S29.3 million. It increased distributable […]
Read more →Singapore A-Reit carries on growing
Published 20 July 2008 A-Reit, the Singapore property trust Goodman Group of Australia exited in March, carried on improving in the first quarter of its new financial year, to June. The trust increased gross revenue by 19.6% to $S92.5 million, net property income by 20.1% to $S69.7 million, net income available for distribution by […]
Read more →A-Reit revaluations worth $S½ billion, outlook cautious
Published 20 April 2008 The Singapore property investment venture Goodman Group has just exited, A-Reit (Ascendas Real Estate Investment Trust) reported a solid year for operations yesterday – and a boom year for revaluations. Unrealised revaluations were worth $494 million, taking the trust’s total assets to $S4.2 billion & net assets to $S2.4 billion. […]
Read more →A-Reit valuations up 14.2%
Published 27 March 2008 A-Reit – the Singapore property investment trust which Sydney-based Goodman Group has just pulled out ofnow fully co0ntrolled by Singapore Government company Ascendas – lifted its valuations on 80 properties by 14.2% over book value at 29 February. The net unrealised appreciation on revaluation of these investment properties amounts to […]
Read more →Goodman sells out of Singapore joint venture
Published 14 March 2008 Singapore Government company Ascendas has bought Sydney-based Goodman Group out of their joint venture, the Singapore-focused A-Reit & its management company, with different prices on the acquisition provided by each party. Ascendas Pte Ltd said it had bought Goodman Singapore Industrial Management (Aust) Pty Ltd’s 40% of the management company […]
Read more →A-Reit adds $S600 million of buildings to portfolio in 9 months
Published 14 January 2006 Singapore’s first real estate investment trust, A-Reit, increased its portfolio by $S600 million to $S2.7 billion in the 9 months to December but added only $200 million to borrowings. A-reit – full name Ascendas Real Estate Investment Trust – is managed by a 60:40 joint venture between Singapore Government company Ascendas […]
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