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Category Archives for REIT

Saizen Rights Issue

Saizen Reits had previously announced a Rights Issue to help in the repayment of their CMBS loans. The proposed fundraising will help Saizen pay off their loans up to 2010 and give them a stronger position to negotiate their other loans that are maturing in 2011. Sharesholders of Saizen will be given the rights to […]

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F&N Acquires Allco Commercial REIT and Allco (Singapore) Limited

The consolidation of REITs in Singapore have started with the sale of Allco Commercial REIT and the manager, Allco (Singapore) Limited to Fraser and Neave. Frasers Centrepoint Limited, a wholly-owned subsidiary of F&N, will buy over 17.7% of Allco Commercial REIT and 100.0% of Allco (Singapore) Limited from Allco Finance Group. Based on the offered […]

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Singapore Property Growth & Profitability Conference

The Singapore Property Growth & Profitability Conference is a 2-day event held at Meritus Mandarin Singapore from 27-28 March 2008. The conference aims to help you find and identify winning projects and investment strategy into the Singapore property market. These is a list of the topics that will be covered and the respective speakers: Singapore […]

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Allco REIT – Extension of Short Term Debt Maturity

The latest announcement to come out from Allco REIT is that they have received in-principle approval for the extension of the maturity date for their $550 million loan. It was originally due on 31st July 2008; now the new date is set for 31st December 2009. There is another $70 million dollar debt which is […]

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Allco Commercial REIT Trading Suspension

This morning, Allco Commercial REIT requested for a trading halt. This comes in the light of recent developments in the listed entity. 19th March 2008 – Resignation of 3 non-executive directors linked to the parent company, Allco Finance Group, and appointment of 1 new executive director. The reason provided by the company is that the […]

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