S-REITs - Week 50 - 2023

( YTD: -72.33% )

*Results from EGM*

The voting results for all 3 resolution has receive strong support from shareholders.

Resolution 1 (Passed)

To approve the Proposed Divestment of the property known as Park Place located at 1650 & 1700 South Price Road, Chandler, Arizona, United States 85286, at a divestment consideration of US$98.7 million as an interested person transaction.

FOR - 97.74%
AGAINST - 2.26%

Resolution 2 (Passed)

To approve the proposed Sponsor-Lender Loan granted by The Manufacturers Life Insurance Company or an affiliate, as an interested person transaction.

FOR - 97.55%
AGAINST - 2.45%

Resolution 3 (Passed)

To approve the proposed adoption of the Disposition Mandate to authorise the disposal of any one or more of the Existing Properties.

FOR - 98.07%
AGAINST - 1.93%

For more details please refer to this link

Explore further insights from our perspectives to gain a deeper understanding of the decision.

https://reitsavvy.com/insights/qna-with-manulife-recapitalisation-plan

Expansion of Mapletree Logistics Trust's Footprint in India through Newest Acquisition

• A newly completed modern Grade A warehouse with high quality building specifications
• Strategically located in Farukhnagar, a prime logistics market with excellent connectivity to Delhi
• 100% leased to a leading domestic 3PL operator with long lease of 8 years

For further information, please click here

Full Presentation slides here

COMMENCEMENT OF TENDER OFFERS AND CONSENT SOLICITATION EXERCISES BY LMIRT CAPITAL PTE. LTD.

Reference is made to:

(a) the USD 250,000,000 7.25% Senior Notes Due 2024 issued by the Company on 19 June 2019 pursuant to an indenture dated 19 June 2019 (the “2024 Notes”); and

(b) the USD 200,000,000 7.500% Senior Notes Due 2026 issued by the Company on 9 February 2021 pursuant to an indenture dated 9 February 2021 (the “2026 Notes”, and together with the 2024 Notes, the “Notes”).

For further information, please click here

( YTD: +13.64% )

Digital Core REIT continues to repurchase its units

For further information, please click here

( YTD: +1.47% )

CAPITALAND INVESTMENT LIMITED lease space from CapitaLand Integrated Commercial Trust

CapitaLand Investment has obtained a 9 years, 11-month lease for an additional 9,720 square feet at Capital Tower in Singapore from CapitaLand Integrated Commercial Trust.

Starting on Feb. 16, 2024, the lease entails an estimated SG$11 million payment to CapitaLand Integrated Commercial Trust, with an option for CapitaLand Investment to extend for five more years.

For further information, please click here

Listen to Kenny's recent Podcast on Money FM 89.3 on 5 Dec 2023.