General S-REITs Discussion Thread

marandaz

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REIT Association Singapore (REITAS)

The managers of Singapore's largest real estate investment trusts (REITs) have set up an association to promote greater awareness among investors as well as to represent the REIT industry in their dealings with authorities.

Called the REIT Association Singapore (REITAS), the industry grouping is headed by Mr Chua Tiow Chye, the Group Chief Investment Officer and Regional Chief Executive Officer of North Asia and New Markets at Mapletree Investments.
 

kippei

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http://www.kepcorp.com/en/news_item.aspx?sid=4772

Keppel T&T proposes listing of Keppel DC REIT


Keppel Telecommunications & Transportation (Keppel T&T) has today issued a circular to Keppel T&T shareholders together with a notice of extraordinary general meeting (EGM).

Approval will be sought at the EGM, which will be held on 25 November 2014, for the proposed listing of Keppel DC REIT on the Main Board of Singapore Exchange Securities Trading Limited (the SGX-ST).

Keppel T&T will also seek the approval of shareholders on a proposed divestment of Keppel T&T's interests in Keppel Digihub, Keppel Datahub 1, Gore Hill Data Centre and Citadel 100 Data Centre, and their proposed injection into Keppel DC REIT.

Keppel DC REIT's proposed investment strategy is to principally invest, directly or indirectly, in a diversified portfolio of income producing real estate assets that are used primarily for data centre purposes, with an initial focus on Asia-Pacific and Europe. The initial portfolio of Keppel DC REIT is expected to comprise eight data centre properties in Asia-Pacific and Europe: Keppel Digihub and Keppel Datahub 1 in Singapore; Gore Hill Data Centre in Sydney, Australia and iseek Data Centre in Brisbane, Australia; Basis Bay Data Centre1 in Selangor, Malaysia; GV7 Data Centre in London, the United Kingdom; Almere Data Centre in Amsterdam, the Netherlands; and Citadel 100 Data Centre in Dublin, Republic of Ireland. Keppel DC REIT will be managed by a wholly-owned subsidiary of Keppel T&T, Keppel DC REIT Management Pte Ltd.

After the transaction, Keppel T&T will continue to look out for opportunities to develop data centre assets across its target markets of Asia-Pacific and Europe. Mr Thomas Pang, Chief Executive Officer of Keppel T&T said, "There has been a surge in demand for data centres, driven by a growth in e-commerce, cloud computing, and big data. Increasingly, these new generation data centres are also required to adhere to high environmental and security standards, areas which require significant knowledge and investment."

"The proposed listing of Keppel DC REIT is poised to capitalise on these trends and will benefit Keppel T&T shareholders as we continue to maximise our data centre business in a capital efficient manner," he added.

The proposed listing of Keppel DC REIT will be subject to, among other things, market conditions, the relevant regulatory and other approvals being obtained (including the approval of Keppel T&T shareholders) and the execution of definitive agreements by the relevant parties.

More details of the EGM and the resolutions can be found in the circular sent to shareholders.
 

winguy

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Is there a record of rights issue history? E.g. what were the last 5 rights issue and when were they?
 

winguy

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Hi. In general, does the growth of reits depend on the growth in the valuation of its assets?

Value up -> gearing down -> acquire yield accretive assets
Value down -> gearing up -> rights issue
 

wahkao3

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Hi. In general, does the growth of reits depend on the growth in the valuation of its assets?

Value up -> gearing down -> acquire yield accretive assets
Value down -> gearing up -> rights issue
dun understand your qns:s11:
can rephrase?
 

Dividends Warrior

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May I know why FCT?

Because of.....

this
about+northpoint+city.png


and this

woodlands_home_map_big.jpg



:s12::s12:
 
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