REIT News

American Tower merges to become REIT

posted Sep 5, 2011 11:48 PM by reit ph

Following announcements of its conversion to a REIT, American Tower Corp. moves forward in its plans with a merger with American Tower REIT Inc., eyeing the start of 2012 for a REIT status for purposes o federal income tax. read more

Singapore office properties on a downslide

posted Sep 5, 2011 11:44 PM by reit ph

Amidst revisions on rental fees, unit prices of Singapore office REITs have begun to fall, with concerns that the conditions will affect the market for the next few quarters. Investors, however, remain confident that the REITs' credit rating won't get hit. read more

D.C. REITs hit by Wall Street selloff

posted Sep 5, 2011 11:40 PM by reit ph

Office properties in the Washington, D.C. have finally been affected by the global recession, despite the market's supposed immunity from the crisis. As early as the 1st week of August, panic selling have invaded the properties market in Wall Street. read more

Qatar REIT listing put on hold

posted Sep 5, 2011 11:34 PM by reit ph

ARA Asset Management has delayed plans to list a $1 billion-worth Qatar REIT in the Singapore market, comprising a number of hotels and apartments. Officials say it's because of the political issue currently happening in the Gulf and African Regions. read more

More leased space for British Land

posted Sep 5, 2011 11:07 AM by reit ph

British Land Co., the U.K.'s second-largest REIT saw profit a million pounds more than last year's figures, mainly due to acquisitions and a rise in leased space. At average, lease length of the company's properties is 11.4 years with a 2.7 percent vacancy. read more

Canadian companies seal 2Q deals

posted Sep 5, 2011 10:53 AM by reit ph

Amidst financial crises in Europe and the US, Canadian companies made good business in the spring, with 836 mergers and acquisitions worth $57 billion made. REITs performed as well, with 90 deals worth $9.7 billion made. read more

Room for potential growth for Malaysian REITs

posted Sep 5, 2011 10:44 AM by reit ph

No real estate bubble burst is seen in Malaysia and the rest of Asia-Pacific in the next two years, with kept wages and liquid assets coupled with recovering economies bringing the market more to an upside. read more

Unilever to open training center in Singapore

posted Jul 27, 2011 6:25 AM by reit ph

Allotting S$32 million for the project, international conglomerate Unilever builds the Unilever Four Acres Singapore as its global leadership training center to help the country in rising as a talent hub and center of leadership excellence. Ascendas REIT has secured the contract to develop the said project. read more

Ascendas sees an option in yuan REITs

posted Jul 27, 2011 6:08 AM by reit ph

Singapore's Ascendas group is considering listing a yuan-denominated REIT in China, Hong Kong or Singapore, to take advantage of the growing demand for offshore yuan property offerings. The company is also open to other options, while not divulging a time frame or target date for the venture. read more

Pressure on Australian specialty stores

posted Jul 27, 2011 5:58 AM by reit ph

Analysts see the Australian retail sector experiencing a 10 per cent downgrade in rental outlooks and a possible rise in bankruptcies, with specialty stores at most risk. These will prove to have substantial effects on the portfolios of Australian REITs due to rental issues. read more

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