BrokersTake: CGS-CIMB says Boustead could launch a Reit in 2020
BOUSTEAD Singapore's industrial real estate unit, Boustead Projects , could be on track for a Reit listing in as early as 2020, as existing projects under development bring its leasehold portfolio asset base to S$1 billion by next year, according to CGS-CIMB. Read more at The Business Times.
"With the help of higher occupancy rate after the completion of the ALICE asset (ALICE@Mediapolis) stabilisation, we think a Reit listing could materialise as early as calendar year 2020," wrote analysts Ong Khang Chuen and Caleb Pang in a Monday note.
Mainboard-listed Boustead Projects has said it would consider a Reit listing of its portfolio to unlock value. However, the plan to do so has to be"sustainable" and there has to be an element of growth, according to a recap of the firm's July annual general meeting on Motley Fool.Read more: The Business Times
Airbnb says it plans to go public in 2020AIRBNB announced on Thursday that it plans to go public in 2020, becoming one of the last of a generation of prominent technology startups to aim for the stock market, even as some of its brethren have struggled since listing their shares. Read more at The Business Times.
Saudi Arabia says if attack launched from Iran, it would be an act of warRIYADH (REUTERS) - If an investigation shows that last week's attack on Saudi Arabian oil facilities was launched from Iranian territory, the kingdom would consider it an act of war, but Riyadh is currently seeking a peaceful resolution, a senior Saudi official said.. Read more at straitstimes.com.
Saudi Arabia says if attack launched from Iran, it would be an act of war: CNNIf an investigation shows that last week's attack on Saudi Arabian oil facilities was launched from Iranian territory, the kingdom would consider ...
Motorola extends lease at Cromwell E-Reit's Poland propertyCROMWELL European Real Estate Investment Trust (Cromwell E-Reit) on Friday announced that the lease with Motorola Solutions at its Polish property, Green Office, has been extended for another five years to 2026/2027. Read more at The Business Times.
Manulife US Reit raises US$142.7m from placement, preferential offeringMANULIFE US Reit's private placement and preferential offering have netted gross proceeds of about US$142.7 million after both priced in at the top end of their issue price range. Read more at The Business Times.
Formula One: Vietnam Grand Prix aims to attract 300,000 fans for inaugural 2020 Hanoi raceSINGAPORE - They might be the new kids on the block but that is not stopping the Vietnam Grand Prix promoters from dreaming big.. Read more at straitstimes.com.