Tag Archives: Real estate investment trust

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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A-REIT submits S$110m bid for business park site at Fusionopolis

Posted on 22 May 2011 | Comments Off on A-REIT submits S$110m bid for business park site at Fusionopolis

Mainboard-listed Ascendas REIT (A-REIT) has submitted a S$110 million bid for a business park site at Fusionopolis.

A-REIT said this property, together with its existing properties within the one-north region and the neighbouring Science Park I and II, will enhance its market leadership position in the Business & Science Parks segment.

The trust is planning to develop the business park site into a modern suburban business facility, comprising 60 per cent business park space and 40 per cent office space.

It also hopes to attract tenants in the Infocomm Technology and media industries, as well as R&D activities in Physical Science and Engineering.

A-REIT said the total development cost of the property is not expected to exceed 3.3 per cent of A-REIT’s deposited property as at 31 March 2011.

The 6,253 square metre site, with a 60-year land lease tenure and an allowable plot ratio of 4.0 times, is located in the one-north master plan region.

The tender for the site was launched under the Government Industrial Land Sales Programme by the Jurong Town Corporation.

Source : Channel NewsAsia – 20 May 2011

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