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IREIT Global SGD
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IREIT Global
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marketuncle
Veteran |
08-Aug-2020 13:27
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Also announced rights issue to fund yield dilutive acquition of remaining 60% stake in the Spanish properties. Not good news actually. | ||||
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Secret_Squirrel
Elite |
08-Aug-2020 11:18
Yells: "Stay curious but skeptical" |
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Result just out. DPU dip a little. DPU better than Netlink trust.
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Secret_Squirrel
Elite |
05-Aug-2020 11:31
Yells: "Stay curious but skeptical" |
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Volume so Low today. I guess people are waiting for the half year results on 7 Aug 2020.🤑
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Joelton
Supreme |
19-Jun-2020 11:23
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IREIT Global secures five-year lease for 3,450 sqm of office space in Barcelona one of the largest known rental transactions
The manager of IREIT Global announced on Thursday that it has secured a five-year lease for some 3,450 sqm of office space with AREAS, S.A.U. at the Il∙ luminia property in Barcelona, Spain. This comes amid the slowdown in leasing activity owing to the Covid-19 pandemic and consequent lockdown in the country.
Il∙ luminia will be home to the new headquarters for AREAS.
Year to date, the new lease with AREAS represents one of the largest known rental transactions in Barcelona, Spain year-to-date. The lease will also significantly increase the overall occupancy rate of Il∙ lumina to 86.4% from 69.2% as at March 31, on a pro forma basis.
AREAS, which is founded in 1968, is one of the global leaders in the food and beverage (F& B) industry. It offers a wide range of services for national and international travellers through airports, railway stations, motorway service plazas, as well as restaurants and stores across Europe and the US.
According to the manager, AREAS will be establishing its new headquarters at this property, which is located just five kilometres away from Barcelona&rsquo s financial district.
The Reit manager said that it had intensified leasing efforts following the slowdown in leasing activity amid the Covid-19 pandemic and consequent lockdown in Spain.
It has been exploring different avenues to bring under-rented properties nearer to market levels, and increase their occupancy rate, since completing the acquisition of a 40 per cent stake in a portfolio of four office properties in Madrid and Barcelona.
IREIT acquired a portfolio of four office properties in Spain for a 40% stake in December 2019, which marked IREIT' s entry into Spain.
https://www.theedgesingapore.com/news/reits/ireit-global-secures-five-year-lease-3450-sqm-office-space-barcelona-one-largest-known |
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Starship
Supreme |
28-Apr-2020 14:14
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Another privatisation on the way? " This month, Tikehau Capital raised its stake for Singapore-listed IReit Global to 29.2 per cent from 16.64 per cent. Tikehau Capital co-owns IReit Global Group, the manager of IReit Global."
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WBdisciple
Elite |
28-Apr-2020 13:28
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Temasek-backed Tikehau Capital hires banking veteran Neil Parekh as head of Asia, Australia and NZ FRENCH asset manager Tikehau Capital announced on Tuesday that it has appointed banking veteran Neil Parekh as the head of Asia, Australia and New Zealand. Mr Parekh, a Singapore citizen, will join the team as a partner later this year from National Australia Bank (NAB), where he is completing his tenure as general manager of Asia. In that position, he was responsible for all business, regulatory and governance matters for the bank&rsquo s Asian business. In his new role, he will be responsible for deepening investment capabilities and growing the business of Tikehau Capital in Asia, Australia and New Zealand, working alongside the firm' s existing management team in Asia. Some key areas Tikehau Capital will focus on in Asia include speeding up its investment pace in the region, pursuing investment partnerships and joint ventures with Asian players and diversifying its Limited Partner base in the region. Singapore&rsquo s Temasek Holdings is among investors which have a stake in Euronext Paris-listed Tikehau Capital. Another notable investor is Morgan Stanley, which acquired a stake in the French asset manager last year. Mr Parekh has more than three decades of global experience in the financial-services industry in the Asia-Pacific, US and Europe. He joined NAB in 2013 from Natixis, where he headed Corporate and Institutional Banking Coverage for Asia and was a member of the Executive Committee &ndash Asia-Pacific. Prior to that, he held senior roles at Societe Generale as global head of Non-Investment Grade Finance and head of US Debt Capital Markets at DBS, he was global head of financial institutions group and head of the Middle East region. He also worked with Bank of America in various product and client coverage roles. Bruno de Pampelonne, chairman of Tikehau Investment Management, said: &ldquo With a remarkable career spanning over 30 years, he has become a senior leader of the business and broader community in the Asia-Pacific region. His deep knowledge of the region and his extensive relationships will be invaluable to Tikehau Capital&rsquo s business in Asia, Australia and New Zealand and help to further strengthen the firm&rsquo s footprint in the region.&rdquo Tikehau Capital has rapidly expanded across Asia since the opening of its Singapore office in 2015, followed by the opening of offices in Seoul in 2017 and Tokyo in 2019. This month, Tikehau Capital raised its stake for Singapore-listed IReit Global to 29.2 per cent from 16.64 per cent. Tikehau Capital co-owns IReit Global Group, the manager of IReit Global. As at Dec 31, 2019, Tikehau Capital had &euro 25.8 billion (S$39.62 billion) in assets under management and shareholder equity of &euro 3.1 billion. The group invests in various asset classes such as private debt, real estate, private equity and capital markets strategies, including through its asset management subsidiaries on behalf of institutional and private investors. As at the end of last year, Tikehau Capital employed more than 530 staff in its Paris, London, Amsterdam, Brussels, Luxembourg, Madrid, Milan, New York, Seoul, Singapore and Tokyo offices. |
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Joelton
Supreme |
25-Apr-2020 12:02
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THE manager of IReit Global has appointed Louis d' Estienne d' Orves as its new chief executive officer (CEO) with effect from Thursday. Mr d' Estienne d' Orves is part of IReit unitholder Tikehau Capital' s real estate team. As executive director at the French asset management and investment group, his responsibilities include sourcing and executing deals across Europe in the office, retail, hotel and residential sectors, securing external debt financing and capital raising for co-investment opportunities and funds. He will be based in London, which will allow him to have direct access to the European real estate market as well as leverage Tikehau' s local expertise and network as he plans and implements IReit' s investment strategy. Tikehau recently raised its stake in IReit to 29.2 per cent from 16.64 per cent, alongside Singapore' s City Developments Limited, which increased its unitholding interest to 20.87 per cent from 12.52 per cent. That brings their stakes to over 50 per cent combined. Before joining Tikehau in November 2018, Mr d' Estienne d' Orves spent 11 years at AXA IM Real Assets, most recently as the co-head of European transactions, special situations. John Lim Kok Min, chairman of IReit' s manager, said Mr d' Estienne d' Orves " is a valuable member of Tikehau' s real estate practice, actively contributing to the business and to the team' s growth as well as playing a key role in securing high-profile deals across Europe" . The manager' s previous CEO, Aymeric Thibord, quit in February this year to pursue other opportunities. The real estate investment trust has a portfolio of nine office assets in Germany and Spain valued at about 630 million euros (S$967.5 million) as at end-2019. IReit' s units were flat at 65.5 Singapore cents as at 9.06am on Friday. https://www.businesstimes.com.sg/companies-markets/ireit-global-names-new-ceo-from-unitholder-tikehau-capital |
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WBdisciple
Elite |
14-Apr-2020 09:06
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The news article on Mr Tong' s sale highlights it was a force-sale (my guess is margin call), else why would share price drop so dramactially to 41.5cents. He left a lot of money on the table since CDL and Tikehau bought cheap...and now share price has rebounded. Again....my opinion is that if CDL and Tikehau (both are the REIT manager) buy his stake and increase their own shareholdings, they are confident of the future of iREIT. |
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cheongweevictor
Supreme |
13-Apr-2020 23:47
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Fundamental wise no change,, why he sell,,maybe he got money issue,, LOL but what we know if CD buy a substantial stake. that is good.. btw this is old news liao...
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WBdisciple
Elite |
13-Apr-2020 23:08
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Mr Tong Jinquan has resigned as a Non-Executive Director of the Manager to focus on other personal commitments.http://ireitglobal.listedcompany.com/news.html/id/772184 |
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Joelton
Supreme |
08-Apr-2020 11:19
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Chinese tycoon Tong Jinquan sells substantial stake in IReit Global to key unitholders Tikehau, CDLWED, APR 08, 2020 - 5:50 AM Singapore CHINESE tycoon Tong Jinquan has sold a substantial stake in IReit Global to the real estate investment trust' s key unitholders and strategic partners, Tikehau Capital and City Developments (CDL), for S$64 million. A Tuesday announcement said that French asset management... https://www.businesstimes.com.sg/companies-markets/chinese-tycoon-tong-jinquan-sells-substantial-stake-in-ireit-global-to-key |
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WBdisciple
Elite |
08-Apr-2020 08:59
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Reckon that there is no more selling of IREIT by this Chinese Tycoon....Tikehau and CDL seems to have pick up a good bargain...
Chinese tycoon Tong Jinquan sells substantial stake in IReit Global to key unitholders Tikehau, CDL CHINESE tycoon Tong Jinquan has sold a substantial stake in IReit Global to the real estate investment trust' s key unitholders and strategic partners, Tikehau Capital and City Developments (CDL), for S$64 million.
A Tuesday announcement said that French asset management and investment group Tikehau Capital has raised its stake to 29.2 per cent from 16.64 per cent, while Singapore-based developer CDL increased its stake to 20.87 per cent from 12.52 per cent in the Reit. This takes their aggregate shareholding to over 50 per cent. Following this transaction, Mr Tong' s stake will be reduced to about 6 per cent.
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Starship
Supreme |
07-Apr-2020 18:18
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Meanwhile, new investor AT Investments has also acquired a 5.5 per cent stake in the Reit. The company is owned by India-born billionaire Arvind Tiku, whose family office has an asset portfolio worth some US$2 billion. Mr Tiku said AT Investments considers the long stable leases of the Reit' s portfolio, which is supported by blue-chip tenants, to be a very attractive investment opportunity. " We believe that the resilience of the portfolio will enable IReit to emerge stronger after the Covid-19 outbreak," he added. https://www.businesstimes.com.sg/companies-markets/tikehau-capital-cdl-raise-their-stakes-in-ireit-global-as-strategic-partners |
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WBdisciple
Elite |
07-Apr-2020 16:57
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Definitely a boost of confidence for the REIT with additional large stake by the REIT managers...... they cook that they eat...admirable in times like these where cash is king and they put money where the mouth is. |
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Starship
Supreme |
07-Apr-2020 10:01
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Tikehau Capital, CDL raise their stakes in IReit Global as strategic partners TUE, APR 07, 2020 - 8:53 AM IREIT Global on Tuesday said its key unitholders and strategic partners Tikehau Capital and City Developments Limited (CDL) have raised their stakes in the real estate investment trust (Reit). French asset management and investment group Tikehau Capital raised its stake to 29.2 per cent from 16.64 per cent, while Singapore-based developer CDL increased its stake to 20.87 per cent from 12.52 per cent. This brings their aggregate shareholding to over 50 per cent, IReit Global' s manager said in a regulatory update. https://www.businesstimes.com.sg/companies-markets/tikehau-capital-cdl-raise-their-stakes-in-ireit-global-as-strategic-partners |
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radeon
Member |
06-Apr-2020 10:23
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what is the good price to enter again??
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johnng
Supreme |
05-Apr-2020 22:21
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think tycoon tio force-sell more
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radeon
Member |
05-Apr-2020 20:35
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how to chiong?? now spain and Germany Covic 19 on new high.. | ||||
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johnng
Supreme |
26-Mar-2020 13:22
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chiong arh | ||||
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laksaman57
Supreme |
10-Mar-2020 19:52
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" .......IREIT Global will adopt the announcement of half-yearly financial statements with effect from the financial year ending 31 December 2020 (&ldquo FY2020&rdquo ). For FY2020, the next financial results announcement will be for the half-year period ending 30 June 2020." 
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