Property News - Inside Retail Singapore
Blackstone Group has the green light to acquire Croesus Retail Trust for US$649.8 million.
AsiaMalls Management will spend $60 million on a Century Square revamp, with the mall expected to reopen within 12 months.
Dasin Retail Trust Management reports “stellar performance” for its first half.
With higher occupancies and rental reversions, BHG Retail REIT had 3.2 per cent higher second-quarter gross revenue, reaching S$500,000.
More Singapore retail space was available during the second quarter this year following tighter availability the previous quarter, reports the URA.
CapitaLand Retail China Trust Management (CRCTML) has revealed it is divesting CapitaMall Anzhen in Beijing.
Higher revenue from Causeway Point helped Frasers Centrepoint Trust mitigate a revenue slump from the rebuilding of Northpoint.
Yishun megamall Northpoint City is ready for a soft opening before year’s end, with about 90 per cent of its retail space leased, says developer Frasers Centrepoint Singapore.
Singapore malls are offering more convenient parking to reward drivers with eco-friendly cars.
CapitaLand Mall Trust had net property income of S$117.5 million for its second quarter – 1.2 per cent higher year on year.
Century Square, Tampines, will close in September for a renovation expected to take about 12 months.
CapitaLand China has opened four landmark integrated developments.