Marina Bay Financial Centre and One Raffles Quay win awards for safety and sustainability
Two of Singapore’s largest office developments, Marina Bay Financial Centre (MBFC) and One Raffles Quay (ORQ), have featured strongly in the latest Building and Construction Authority (BCA) Awards, proving that large scale developments can lead the way in safety and sustainability, said the joint venture consortium behind the two mega developments. MBFC Phase 1 (Commercial), … Read more
Buffet sees long-term effect of crisis on US
US investor Warren Buffet said on Wednesday that he saw the impact of the current financial crisis on the US economy lasting longer than many people do. Mr Buffet said the US dollar would continue to fall as the policies needed to correct the greenback’s slide had yet to be implemented ‘I think tidal wave … Read more
Global hotel deals fall on credit squeeze
Decline of 60% to US$8b in Q1 2008, says report from Jones Lang LaSalle Global hotel acquisitions dropped more than 60 per cent in the first three months of the year as credit tightened after losses and writedowns related to the United States sub-prime mortgage collapse, Jones Lang LaSalle Inc said. Hotel investment fell to … Read more
CapitaMall to buy Singapore property for US$619m
Singapore-listed Reit CapitaMall Trust (CMT) said it is buying office development, The Atrium@Orchard, for $839.8 million (US$619 million) from the government through its trustee HSBC Institutional Trust Services. CMT said the total acquisition cost, including purchase price and fees, would be $850 million and would be funded by a mixture of debt and convertible bonds. … Read more
CapitaMall Trust buys The Atrium@Orchard development for S$840m
CapitaMall Trust (CMT) has bought The Atrium@Orchard office development for about S$840 million. CMT said the purchase from the Singapore Land Authority (SLA) will be funded by a mix of debt and convertible bonds. Describing the acquisition as yield-accretive, the Trust plans to issue at least S$650 million worth of bonds. The Atrium@Orchard is a … Read more
CMT signs agreement to acquire The Atrium@Orchard for S$839.8 million
CapitaMall Trust Management Limited (“CMTML”), the manager of CapitaMall Trust (“CMT”), is pleased to announce that HSBC Institutional Trust Services (Singapore) Limited, as trustee of CMT, has entered into a sale and purchase agreement with the Government of the Republic of Singapore acting through its agent, the Singapore Land Authority, in respect of the acquisition … Read more
Cranking up the night-time buzz
FORGET rushing home after work to watch television or sleep early. Singapore’s urban planners want you to stay out late more and take in the city’s buzz after dark, when the weather is cooler. The effort to cultivate more night owls islandwide starts with Singapore’s first Night Festival in July, when people can pay a … Read more
Plans to up countryside charm in two areas
FANS of the lush farms in Lim Chu Kang and the serenity of Kranji’s Sungei Buloh Nature Reserve can look forward to more outdoor activities in Singapore’s small slice of countryside. Under a plan unveiled by National Development Minister Mah Bow Tan yesterday, Lim Chu Kang and Kranji have been earmarked for several new leisure … Read more
Singapore is 29th most peaceful country
Republic scores well in 140-nation index for its few refugees, lack of internal conflict SINGAPORE moved up two spots in a global index which measures how peaceful countries are. It ranks 29th out of 140 countries in the Global Peace Index, which aims to link peace to prosperity. When ranked against its neighbours, Singapore is … Read more
New GM for Marina Bay Financial Centre
Colliers’ Singapore MD to be promoted to MD for North Asia THE joint venture developers of Marina Bay Financial Centre (MBFC) – Cheung Kong Holdings, Hutchison Whampoa, Hongkong Land and Keppel Land – said yesterday they have appointed a new general manager for the prime project. Wilson Kwong replaces outgoing general manager David Martin, who … Read more
