Shell Cove’s Waterfront Tavern site sold following tender
Shell Cove’s Waterfront Tavern is a step closer to welcoming its first customers after exclusive agency HTL Property announced the sale of the site to the locally based Balmoral Hospitality Group. “On behalf of our clients Shellharbour City Council and Frasers Property Australia, we’re delighted the tender process extracted such a high level of offers, culminating in the Balmoral Hospitality Group’s successful bid” commented HTL Property’s National Director of Pubs.
Coworking spaces in Singapore tripled since 2015 to 3.7m sq ft: Colliers
Co-working workspaces now take up 3.7 million sqft in net lettable area of Singapore’s commercial space, tripling from 1.2 million sqft in 2015 to become one of the top 6 occupier sectors, said Colliers International. Its research projects that number to grow by 24% in 2019, driven by demand from multinational corporations on top of new start-ups. Flexible workspaces now account for 5% of Central Business District Premium and Grade A offices, said the report. In terms of distribution, 83% of flexible workspace resides in the CBD, 12% in the city fringe and 5% in the suburban area.
Singapore Property Trust IPOs Surge to Six-Year High
Singapore real estate investment trusts are on a money-raising spree. Lendlease Global Commercial REIT began taking investor orders on Tue for an initial public offering that could raise as much as
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