British Prime Minister David Cameron urged Singaporean investors to widen their horizons beyond London while looking for investment opportunities in his country. Speaking at a seminar on Wednesday, Mr Cameron highlighted opportunities in the north of England even as he emphasised on the need for strong business ties between Singapore and Britain.
Mainboard-listed AIMS AMP Capital Industrial Reit (AA Reit) posted a distribution per unit (DPU) of 2.75 cents for the first quarter of financial year 2016, up 7.8 per cent from 2.55 cents for the year-ago period. For the three months ended June 30, the trust saw gross revenue grow 10.7 per cent year-on-year to $30.3 million, while net property income rose 3.7 per cent to $20.2 million.
Global Logistic Properties Ltd., whose biggest shareholder is Singapore sovereign wealth fund GIC, agreed to buy more than 200 warehouses from Industrial Income Trust Inc. for US$4.55 billion. The deal will make it the second-largest owner of US industrial real estate.
Mainboard-listed CapitaLand Retail China Trust (CRCT) said on Wednesday that distribution per unit (DPU) for rose 5.4 per cent to 2.73 cents for the second quarter ended June 30, 2015, from 2.59 cents for the year-ago period. This was on the back of a 5.3 per cent increase in net property income to $36 million for the quarter.
Distributable income fell for CDL Hospitality Trusts in the second quarter, on the back of higher financing costs and the weakened Australian and New Zealand dollars. Distribution per stapled security (DPS) fell 10 per cent to 2.25 cents for the three months to June 30, 2015, from 2.5 cents for the year-ago quarter.
Facebook co-founder Eduardo Saverin and Temasek Holdings, Singapore's state-owned investment company, are among the main investors in a new venture capital fund that will take stakes in technology companies in Southeast Asia. The Golden Gate Ventures Fund II LP has already raised US$35 million (S$47.72 million) and expects to gather an additional US$15 million, said Vinnie Lauria, managing partner of Singapore-based Golden Gate Ventures, in an interview on Tuesday.
Fasten your seat belts investors: China's volatile stocks still have room to drop, but analysts say keeping the rollercoaster on the tracks will depend on how the government manages its eventual exit from the market.