• Starhill Global Real Estate Investment Trust obtained a three-year unsecured and committed revolving credit facility of S$40 million from UOB.
• Olam International has upsized its flagship debt facility by US$300 million to US$1.98 billion, and will use it to refinance existing loans.
• Suntec Real Estate Investment Trust’s manager is looking to acquire a half stake in London’s Nova development from Canada’s pension fund, based on an agreed property value of £430.6 million (S$766.5 million).

Outlook for the week

Key economic releases for the week

• Tue, 13 Oct: Singapore Press Holdings results, US: CPI YoY (8:30PM), CH: Exports YoY
• Wed, 14 Oct: SG: GDP YoY (8:00AM),
• Thu, 15 Oct: Soilbuild Business Space REIT results – Aft Mkt, CH: CPI YoY (9:30AM)
• Fri, 16 Oct: SG: Non-oil Domestic Exports YoY (8:30AM), US: Industrial Production MoM (9:15PM)

Last week summary

• Starhill Global Real Estate Investment Trust obtained a three-year unsecured and committed revolving credit facility of S$40 million from UOB, its manager announced on Monday evening.
• Olam International has upsized its flagship debt facility by US$300 million to US$1.98 billion, and will use it to refinance existing loans, said the group in a statement on Tuesday.
• Commercial investment sales jumped by 96.4 per cent quarter on quarter to some S$3.3 billion. Significant commercial deals were “prevalent” in Q3 as the economy began to reopen after Covid-19 pandemic-related restrictions according to Knight Frank’s Q3 market report published on Friday.
• Suntec Real Estate Investment Trust’s manager is looking to acquire a half stake in London’s Nova development from Canada’s pension fund, based on an agreed property value of £430.6 million (S$766.5 million). The Nova development consists of two Grade A office blocks with ancillary retail – Nova North and Nova South – as well as The Nova Building, a primarily residential asset.