Daily Archives: 27 Aug 2009

Regency Hotel eyeing overseas expansion

Posted on 27 Aug 2009 | Comments Off on Regency Hotel eyeing overseas expansion

The operator of Regency Hotel, Regency International Hotel Incorporated Sdn Bhd is planning to expand its hotel network into London, New York, Bangkok, Jakarta and Istanbul, said executive chairman Matshah Safuan.

‘We are still looking at it. It depends on the property market.

We will go for it when the time is right,’ he told Bernama recently.

Established 23 years ago, Regency currently owns nine hotels, of which one is in Bali, three in Sarawak, two each in Kedah and Negeri Sembilan and a newly launched hotel in Kuala Lumpur.

Located strategically in front of the Chow Kit wet market, more than RM100 million (S$40.9 million) has been invested for the new hotel, Mr Matshah said. Continue reading →

Comments Off on Regency Hotel eyeing overseas expansion

Posted in Overseas Property

Tagged , ,

Asian Reits survive H1, but challenges remain: CBRE

Posted on 27 Aug 2009 | Comments Off on Asian Reits survive H1, but challenges remain: CBRE

Acquisition, IPO activities unlikely to recover to pre-slump levels in near future

Most Asian real estate investment trusts (Reits) have survived the economic storm in the first half of the year, but challenges – from reducing gearing to growing distributions – still lie ahead, says CB Richard Ellis (CBRE).

The market capitalisation of Asian Reits rose 14.3 per cent in H1 2009, according to the property consultancy in a report yesterday.

In Singapore, the FTSE Reit Index has jumped more than 35 per cent from January, gaining 7.34 points yesterday to close at 503.39. ‘General improvement in the credit market, government support for the re- financing of J-Reits (Japan Reits) and successful rights issues for S-Reits (Singapore Reits) have substantially enhanced Reits around the region,’ says CBRE Research Asia executive director Andrew Ness.

Many large-cap Asian Reits managed to grow their rental income recently, CBRE notes. In Singapore, several S-Reits have also met or Continue reading →

Comments Off on Asian Reits survive H1, but challenges remain: CBRE

Posted in Funds

Tagged , ,