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24-07-2015, 04:12 PM
http://singaporestockmarketnews.blogspot...l?m=1#more
I suppose I can't complain about additional dividends..
Singapore Property - MLT divests 20 Tampines St to Keppel T&T
20 Tampines Street 92 is a two-storey warehouse facility with ancillary office and a six-storey annex building. Located within the Tampines Industrial Estate, it is easily accessible via major expressways and public transport.
Mapletree Logistics Trust announced that it has agreed to divest 20 Tampines St 92 to a JV between Keppel T&T and Keppel Land for S$20m. The 99.6ksqft site is currently a single user asset, comprising two blocks of light industrial buildings with ancillary office space. The 19 year old building was last valued at S$12.5m, and we expect MLT to book a S$7.6m gain from the transaction. MLT plans to distribute any divestment gains from the transaction to unit holders. The divestment is expected to be completed by 4Q15.
Another pipeline asset for Keppel DC REIT Keppel T&T plans to redevelop the asset into a Tier III, carrier neutral data centre in three phases, with core and shell and fit out to be completed by 2016. When complete, the data centre is expected to have 183ksqft in GFA, making it Keppel’s second largest datacenter after Keppel Digihub (S25).
We believe the eventual completion of the datacenter enhances the sponsor pipeline for Keppel DC REIT. Assuming a fully-fitted building, we estimate that the completed development could be valued at S$281m when completed based on valuations for T25 at S$1537psf GFA.
Source : Deutsche Bank Markets Research
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I suppose I can't complain about additional dividends..
Singapore Property - MLT divests 20 Tampines St to Keppel T&T
20 Tampines Street 92 is a two-storey warehouse facility with ancillary office and a six-storey annex building. Located within the Tampines Industrial Estate, it is easily accessible via major expressways and public transport.
Mapletree Logistics Trust announced that it has agreed to divest 20 Tampines St 92 to a JV between Keppel T&T and Keppel Land for S$20m. The 99.6ksqft site is currently a single user asset, comprising two blocks of light industrial buildings with ancillary office space. The 19 year old building was last valued at S$12.5m, and we expect MLT to book a S$7.6m gain from the transaction. MLT plans to distribute any divestment gains from the transaction to unit holders. The divestment is expected to be completed by 4Q15.
Another pipeline asset for Keppel DC REIT Keppel T&T plans to redevelop the asset into a Tier III, carrier neutral data centre in three phases, with core and shell and fit out to be completed by 2016. When complete, the data centre is expected to have 183ksqft in GFA, making it Keppel’s second largest datacenter after Keppel Digihub (S25).
We believe the eventual completion of the datacenter enhances the sponsor pipeline for Keppel DC REIT. Assuming a fully-fitted building, we estimate that the completed development could be valued at S$281m when completed based on valuations for T25 at S$1537psf GFA.
Source : Deutsche Bank Markets Research
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