FCT distributable income rises 19% in Q3

FCT distributable income rises 19% in Q3
Gross revenue up 10% to $20.8m; DPU rises to 1.88 cents
 
FRASERS Centrepoint Trust (FCT) yesterday reported distributable income of $12.2 million for the third quarter ended June 30, 2008 - an increase of 19 per cent from the year-ago period.
 
This came on the back of a 10 per cent [...]

Local retailers go big in Ion

Local retailers go big in Ion
 
Plus: Over 45% of Orchard Turn malI’s retail space taken up by new-to-market concepts
 
By Michelle Tay
 
LOCAL retailers are so sold on the new Ion Orchard they have snapped up big chunks of space for flagship stores and lined up new fashion brands to entice shoppers.
 
The firms have already [...]

FCT’s Q3 distributable income up 19%

FCT’s Q3 distributable income up 19%
 
SINGAPORE - Frasers Centrepoint Asset Management, the manager of Frasers Centrepoint Trust (FCT), on Wednesday reported the distributable income for third quarter 2008 ended June 30, 2008 rose 19 per cent from a year ago to $12.2 million (US$9.02 million).
 
This translated to a distribution per unit of 1.88 Singapore cents [...]

Positive signs for ION

Positive signs for ION
 
With half its shopping space snapped up, it is on track to reach target for launch
 
RETAILERS have already bagged 50 per cent of shopping space at ION Orchard, a highly-anticipated development slated to open beside Orchard MRT station next year.
 
As for the remaining half of the 663,000 square foot of new retail [...]

Prime space for art at the heart of Orchard

Prime space for art at the heart of Orchard
 
IT’S art for art’s sake at the swanky new mall being built at Orchard Turn, thanks to a decision to devote a large chunk of pricey retail space to a gallery.
The gallery on the fourth floor of Ion Orchard will feature contemporary art and design by [...]

Half of ION Orchard’s retail space already taken up

Half of ION Orchard’s retail space already taken up
By Irene Chan
 
Around half of the retail space at ION Orchard has already been taken up.
 
Despite the current uncertain economic climate, the developer of the project, Orchard Turn Developments, says it has seen a strong take-up by retailers.
 
CEO of Orchard Turn Development, Soon Su Lin, says [...]

CapitaMall Trust to offer bumper payout

CapitaMall Trust to offer bumper payout
 
UNITHOLDERS of CapitaMall Trust (CMT) will receive a bumper payout for the second quarter, with distributable income up 20 per cent to $58.6 million from last year.
 
The trust will pay out 3.52 cents per unit for the three months ended June 30, compared with 3.12 cents per unit last year.
 
CMT [...]

25-year-old Joo Chiat Complex gets a makeover

25-year-old Joo Chiat Complex gets a makeover
 
Shop owners hope business will improve after upgrading is completed next month
 
By Arlina Arshad
 
IN AN attempt to compete with Singapore’s shiny new mega malls, the 25-year-old Joo Chiat Complex in Geylang Serai is getting a makeover.
 
Shop owners in the centre, which specialises in Malay baju, textiles and [...]

Giant property IPO if Mapletree decides to list

Giant property IPO if Mapletree decides to list
Temasek unit ramping up property funds to lay base for consistently high ROE model
 
(SINGAPORE) An initial public offering for Mapletree Investments Pte Ltd, a fully-owned subsidiary of Temasek Holdings, could take place in the near future, The Business Times understands.
 
Based on recent valuations, the entity could have a [...]

Super-prime Orchard mall rents hit record $54.40 psf

Super-prime Orchard mall rents hit record $54.40 psf
5.3% increase qoq is highest of all retail micro markets tracked by CBRE
 
CHANEL, Gucci, Louis Vuitton are big brands that scream ‘high fashion’ on Orchard Road.
 
But lately, the screams are more likely to be the painful result of rising rents.
 
CB Richard Ellis (CBRE) said that super prime retail [...]