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Industrial sales drop 16.4% QoQ to 381 deals in 3Q23

Industrial sales drop 16.4% QoQ to 381 deals in 3Q23
sbr.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sbr.com.sg Daily Mail and Mail on Sunday newspapers.

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Aims Apac Reit's plan to acquire Sime Darby Business Centre falls through

SINGAPORE (THE BUSINESS TIMES) - Aims Apac Reit's manager announced on Monday (July 4) in a bourse filing that its plan to acquire the property along 315 Alexandra Road - Sime Darby Business Centre - has fallen through.
Read more at straitstimes.com. ....

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BlackRock Selling Singapore's Admirax Building to AEW


Mingtiandi
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Blackstone is notching a 34% markup on the Admirax after two years
Singapore real estate assets continue to be in style with the world’s biggest investors with Mingtiandi able to confirm that BlackRock is on the verge of selling an industrial asset in the city-state to Boston-based fund manager AEW.
BlackRock is set to dispose of Admirax, a seven-storey light industrial building for S$142 million ($107.3 million) less than two years after buying the property in northern Singapore’s Woodlands district, according to sources who spoke with Mingtiandi.
The deal between the pair of US fund management heavyweights is set to be signed just one month after a fund backed by Allianz Insurance agreed to spend $477 million to buy a half-stake in a prime Singapore office asset with many global investors having targetted the Lion City as Asia’s top destination for acquisitions this year. ....

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Broker's take: DBS raises AIMS Apac Reit TP to S$1.50, sees strong earnings rebound

Broker's take: DBS raises AIMS Apac Reit TP to S$1.50, sees strong earnings rebound
businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.

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