Coliwoo to acquire S$101 million Changi asset from ESR-Reit
The property’s location in Changi Business Park provides access to an established corporate tenant base Co-living operator Coliwoo has inked a deal to acquire a hotel property from…
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asset
CapitaLand Investment provides advisory services for The Clementi Mall, holds minority stake in asset
The tie-up aligns with its long-term strategy to grow fee income through a capital-efficient, partnership-led approach CapitaLand Investment (CLI) will provide real estate advisory…
Gold’s bullish outlook makes it a core portfolio asset, not just a hedge, say panellists
The precious metal will likely continue to rally amid geopolitical uncertainty and central bank demand, observers say Gold is increasingly a good asset to include in an investor’s…
Raffles Education seeks shareholder nod for dual sale of China asset, Merchant Road property
Two extraordinary general meetings will be held on Feb 3; share price jumps 21.3% Raffles Education is seeking shareholder approval for the disposals of its college asset in China for…
Rio Tinto-Glencore merger may need asset sales to win over China
China’s antitrust regulator is likely to be concerned about a combined entity’s concentration in copper production and marketing [BEIJING/MELBOURNE] The proposed tie-up between Rio Tinto…
YZJ Maritime invests in 16 new vessels amid maritime asset portfolio expansion push
Maritime financial solutions provider Yangzijiang Maritime (YZJ Maritime) on Wednesday (Jan 14) announced that it placed newbuilding orders with three Chinese shipyards for a total of 16…
HSBC launches UAE asset management business to tap into wealth influx
The bank has focused its growth efforts on regions such as Asia and the Middle East HSBC is opening an asset management business in the UAE and launching 10 onshore funds, it said on…
Being a good asset manager is like conducting an orchestra: HSBC’s Lim Pang Qi
As HSBC Asset Management’s CEO for South-east Asia and Singapore, he ensures the bank’s teams gel and tracks changes in clients’ needs AS THE chief executive for South-east Asia and…
Stoneweg Europe Stapled Trust divests office asset in Italy for 34 million euros
Following the divestment, the trust’s exposure to Italy will fall from 18% to 17% The managers of Stoneweg Europe Stapled Trust (Sert) on Friday (Dec 19) said that it has entered an…
BNY deepens AI, digital asset embrace as it enters next phase: CEO Robin Vince tells BT
The New York-based bank has invested heavily in AI and culture transformation and is ready for its next phase of change, says Vince in an exclusive interview Three years into its 10-year…
Google faces 110 million euros French asset freeze after Russian ruling, documents show
[PARIS/MOSCOW] The administrator of Google’s defunct Russian business has obtained a temporary freeze on some 110 million euros (S$167 million) of the Alphabet-owned company’s assets in…
Nomura sends bankers to New York, London in asset manager push
Nomura Asset Management plans to relocate dozens of staff from its Tokyo headquarters to offices in cities such as London and New York to develop its homegrown talent for investment and…
Nomura CEO sees big growth phase in wealth and asset management
[TOKYO/YOKOHAMA] Nomura’s chief executive officer vowed to build on the company’s earnings revival by strengthening businesses across the board, ranging from wealth to asset management and…
Citigroup India nears US$1 billion book of asset backed securities
Citigroup’s India unit has more than doubled its asset-backed securities book to nearly US$1 billion in the last two years, ahead of schedule for a goal it set for itself in February. The…
Macquarie Asset Management offers US$7.5 billion for logistics firm Qube
The Australian logistics and shipping-containers’ operations span container leasing, car and grain cargo terminals, and road and rail transport services Macquarie Asset Management offered…
Repositioning of IReit Global’s Berlin asset to have ‘significant impact’ on DPU
The absence of property income as a result of the repositioning of IReit Global’s office asset in Berlin is expected to have a “significant impact” on the real estate investment trust’s…
Outlook for UOB lags DBS, OCBC amid spotlight on asset quality in Q3
Analysts remain positive on DBS and OCBC given resilient results supported by strong non-interest income Market outlook for UOB has turned cautious compared with DBS and OCBC, amid greater…
UOB outlook lags that of DBS, OCBC amid spotlight on asset quality in Q3
Analysts remain positive on DBS and OCBC given resilient results supported by strong non-interest income The market outlook for UOB has turned cautious compared with that for DBS and OCBC,…
Keppel vows to use part of cash unlocked in asset monetisation to reward shareholders
Global asset manager and operator Keppel on Thursday (Oct 30) said it would use part of the cash unlocked from its ongoing asset monetisation – including the proposed divestment of M1’s…
RHB lifts FCT target price on improved H2 earnings, asset enhancements, lower interest rates
RHB raised its target price for Frasers Centrepoint Trust (FCT) and maintained its “buy” rating, citing steady H2 earnings alongside tailwinds from asset enhancements and falling interest…
RHB lifts Frasers Centrepoint Trust target price by 10.2% on improved H2 earnings, asset enhancements
RHB raised its target price for Frasers Centrepoint Trust (FCT) and maintained its “buy” rating, citing steady H2 earnings alongside tailwinds from asset enhancements and falling interest…
OUE Reit’s Q3 NPI falls 5.6% to S$57 million on Shanghai asset sale
OUE Real Estate Investment Trust (Reit) posted a 5.6 per cent decline in net property income (NPI) to S$57 million for the third quarter ended Sep 30, from S$60.3 million a year earlier.…
Stoneweg Europe Stapled Trust divests Italy asset for 11.4 million euros, completes sale in Poland
The completion of the divestment is subject to the customary conditions and is expected in the fourth quarter of this year The managers of Stoneweg Europe Stapled Trust (Sert) on Thursday…
Citi expects global digital asset trades to hit US$2 trillion a day; DBS sees volume surge in H1
In a white paper released this week, Citi projected that in five years, the world will see US$2 trillion in digital assets held or traded in a single day. The figure, which excludes…