Retail Archives - Mingtiandi

Mall Rents in Singapore’s Orchard Area Up 1.3% in Q3 as Visitors Return

Beatrice Laforga — Mon, 20 Nov 2023 14:36:02 +0000

Mall rents in Singapore’s famed Orchard Road shopping area inched up by 1.3 percent in the third quarter from the preceding three months on the back of a rebound in travel and the ongoing rejuvenation in the area.

Average passing... Read More>>

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Mercatus Marketing Singapore Community Retail Portfolio for $194M

Beatrice Laforga — Tue, 26 Sep 2023 16:07:43 +0000

After opening the year selling a trio of mall properties for more than S$2.8 billion, Mercatus Co-operative has headed back to the market with a set of community retail assets carrying a price tag of S$265 million ($194 million).

Marketing... Read More>>

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Frasers REIT Sells Mall in Singapore’s Changi to Mainland Family for $250M

Beatrice Laforga — Wed, 30 Aug 2023 12:17:46 +0000

Singapore-listed Frasers Centrepoint Trust is selling a mall near Changi airport for S$338 million ($250 million) to a mainland Chinese family, according to sources who spoke with Mingtiandi.

FCT’s manager told the local bourse on Wednesday that it has entered... Read More>>

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China Expands REIT Regime to Include Malls and Department Stores

Beatrice Laforga — Mon, 27 Mar 2023 11:46:32 +0000

China has expanded its pilot program for publicly traded real estate investment trusts (REITs) to include shopping malls and other retail properties, as authorities continue to expand access to liquidity for companies in the property sector.

With the country’s public... Read More>>

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Alibaba-Backed Red Star Macalline Being Bought Out by Xiamen SOE

Greg Isaacson — Thu, 19 Jan 2023 13:00:50 +0000

A Chinese state-controlled conglomerate has agreed to buy what could be a controlling stake in Red Star Macalline Group Corporation, an Alibaba-backed home improvement mall chain, as government firms continue to bail out China’s flailing private real estate sector.

Shanghai-listed... Read More>>

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Japan’s Aeon REIT Buying Two Malls for $170M

Christopher Caillavet — Thu, 19 Jan 2023 12:12:33 +0000

Tokyo-listed Aeon REIT has agreed to buy two shopping centres, including the largest mall in Japan’s Wakayama prefecture, for a total of JPY 21.3 billion ($170 million).

The JPY 477.8 billion trust sponsored by retail giant Aeon Co will pay... Read More>>

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Henderson-Managed Sunlight REIT Picks Up Kowloon Mall for $96M

Greg Isaacson — Thu, 12 Jan 2023 03:58:32 +0000

Henderson Land Development’s Sunlight REIT is boosting its retail portfolio by picking up a three-storey shopping podium in Hong Kong’s West Kowloon area for HK$748 million ($95.8 million), with the listed trust picking up the asset at a nearly 12... Read More>>

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China Mall REIT Appoints Financial Advisor After Missing Deadline on $564M in Debt

Beatrice Laforga — Tue, 10 Jan 2023 13:02:12 +0000

Chinese mall landlord Dasin Retail Trust has tapped a financial advisor to conduct an independent business review as the SGX-listed real estate investment trust asks lenders for an additional extension on repayment of debt worth as much as $564 million.

Alibaba-Backed Red Star Macalline in Talks to Sell Controlling Stake to Xiamen SOE

Greg Isaacson — Mon, 09 Jan 2023 13:06:31 +0000

Less than four months after having its credit rating withdrawn by Fitch Ratings, Alibaba-backed home furnishing mall operator Red Star Macalline Group Corporation is in talks to sell what could be a controlling stake in the company to Chinese state-controlled... Read More>>

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Hong Kong Retail Rents Not Likely to Rise More Than 5% in 2023

Christopher Caillavet — Fri, 30 Dec 2022 06:12:32 +0000

Investors hoping for a major turnaround in Hong Kong’s retail market in the new year may need to adjust their expectations, with property services firm Savills predicting that currently depressed rents are unlikely to rise by more than 5 percent... Read More>>

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