Monthly Archives: June 2011

CapitaMalls Asia, CapitaMall Trust, CapitaLand to develop $1.5b shopping mall and office at Jurong Gateway

Posted on 2 Jun 2011 | Comments Off on CapitaMalls Asia, CapitaMall Trust, CapitaLand to develop $1.5b shopping mall and office at Jurong Gateway

CapitaMalls Asia, CapitaMall Trust Management, the manager of CapitaMall Trust; and CapitaLand says they have won the bid for a land parcel at Jurong Gateway by the Urban Redevelopment Authority (URA).

The group had submitted the top bid of about $969 million for the site which is located next to both Jurong East MRT station (an interchange station with two major train lines) and Jurong East bus interchange.

Under the URA’s Jurong Gateway project, the precinct will feature a mix of office, retail, hotel, entertainment, food & beverage and other complementary uses. Jurong Gateway is about 2.5 times the size of Tampines Regional Centre.

The total development cost is expected to be about $1.5 billion.

Source : TheEdge – 1 Jun 2011

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Posted in Developers, Office / Retail / Industrial

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First REIT makes it to MSCI Singapore index

Posted on 2 Jun 2011 | Comments Off on First REIT makes it to MSCI Singapore index

First Real Estate Investment Trust says it has been included in the MSCI Singapore Index with effect from 1 June 2011.

MSCI is a leading provider of investment decision support tools worldwide, including indices, portfolio risk and performance analytics and corporate governance services.

The MSCI indices are among the most widely tracked global equity benchmarks covering companies with good operational results and growth prospects. By being a constituent stock on the MSCI Singapore Index, First REIT can be better tracked by a wider group of institutional investors and funds on a global platform.

MSCI’s indices are market capitalisation-weighted and serve as the basis for over 400 exchanged-traded funds throughout the world. MSCI conducts its index reviews four times each year, with the latest changes being implemented at the close of market on 31 May 2011.

Source : TheEdge – 1 Jun 2011

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Posted in Funds

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