Topic of Interest: #UOB (135 Articles Found)

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Boustead Projects secures first green loan of $130 mil from UOB for Alice@Mediapolis

Boustead Projects announced on Jan 18, that it has secured its first green loan of some $130 million from UOB under the UOB Real Estate Sustainable Finance Framework. The green loan was extended to BP-Dojo LLP, Boustead Projects’…

Five ‘laggard’ S-REITs slated to outperform in 2021

Often overlooked by investors in favour of blue-chip S-REITs, “laggard” S-REITs are expected to play catch-up to their blue-chip peers in 2021 as these trade at higher distribution yields and larger discounts to NAV. In a report, UOB…

Online shopping boosts Singapore’s cashless payments market

Singapore’s digital payments have received a boost in the form of changes in consumers’ shopping behaviours during the pandemic, according to the results of the UOB ASEAN Consumer Sentiment Study. The study, which surveyed 1,000 Singaporean consumers, found…

UOB $181m lawsuit against Lippo unit, 7 others over alleged conspiracy to get higher loans for condo buyers begins

A $181 million lawsuit filed by UOB against developer Lippo Marina Collection (LMC) and seven individuals went to trial this week. UOB which commenced legal proceedings in 2015, is accusing the subsidiary of Indonesia’s Lippo Group of being…

How construction firms can build a sustainable future post-Covid-19

The pace of construction activity is slowly picking up here, but it is far from business as usual. Firms continue to grapple with new Covid-19 infections and labour challenges as well as strains on costs, cash flow and…

UOB grants $120m green loan to Farrer Park Country

UOB has granted the Farrer Park Company a $120m (US$88.12m) green loan. This is the first green loan for a healthcare facility in Singapore, UOB said. The proceeds will be used to re-finance Connexion, the country’s first integrated…

CapitaLand Mall Trust secures $200m sustainability-linked loan from UOB

UOB has converted CapitaLand Mall Trust’s (CMT) $200m revolving credit facility into a sustainability-linked loan. This marks CMT’s first sustainability linked loan. Under the terms of the sustainability-linked loan, UOB will offer CMT tiered interest rates on the…

UOB, CapitaLand collaborate for Singapore’s first dual tranche SORA-SOFR loan

CapitaLand and UOB have entered into a two-year dual-tranche loan agreement worth $200 million. CapitaLand revealed that the dual-tranche loan references both SOFR and SORA, making it the first of its kind within Singapore. It noted that the…

UOL bags $120m green loan from UOB

UOL Group has secured a $120m three-year term green loan from UOB to redevelop Pan Pacific Orchard into a lush green 347-room hotel. In line with the Green Loan Principles published by the Loan Market Association, the proceeds…

UOB, Getz tie-up offers lower delivery fees for F&B outlets

UOB and Getz, a F&B payment and ordering platform provider, have tied up to provide merchants with lower food delivery transaction fees and marketing. Under the collaboration, F&B merchants using Getz’s food delivery solution will only need to…

UOB reopens seven more branches

UOB will reopen seven branches in shopping malls and retail areas starting 22 June in support of the Phase 2 of Safe Re-Opening. The branches were selected due to high footfall, in addition to the 48 branches that…

CapitaLand obtains $500 million sustainability-linked bilateral loan from UOB

CapitaLand has secured a $500 million sustainability-linked loan from UOB. The loan is regarded to be the largest sustainability-linked bilateral loan in the real estate sector of Singapore. The four-year $500 million sustainability-linked loan from UOB represents CapitaLand’s…

MIT could lose 10-20% of tenants if circuit breaker tightens

Mapletree Industrial Trust (MIT) could lose 10-20% of their tenants who are operating-as-usual if the pandemic escalates further and the government tightens its circuit breaker measures as a result, according to a UOB Kay Hian report. Currently, it’s…

UOB to shut down 24 branches

UOB will close 24 branches and dedicate its first banking hour to elderly and vulnerable customers starting 8 Apr, following the announcement of stricter distancing measures. Thirty-eight branches will remain open, with the nearest available branch nestled within…

LYS Energy Group obtains S$14 million green loan from UOB

LYS Energy Group (LYS), the leading Singapore home-grown Solar Independent Power Producer (IPP), has received a S$14 million green loan from UOB. The loan is issued under UOB’s Green Infrastructure Framework as part of the Bank’s U-Solar programme,…

UOB credit scheme makes solar panels more accessible

Wanting to do her part for the climate while saving on her electricity bill, Ms Ho Hui took advantage of a new scheme which allows home and business owners to purchase and install solar panels for their property.…

Park Hotel obtains S$237m green loan from UOB

Park Hotel Group has secured a S$237 million green loan from UOB to refinance the refurbishment of Grand Park City Hall, a hotel it owns and manages. The loan was issued under the UOB Real Estate Sustainable Finance…

Boustead Projects started at ‘buy’ on strength of ‘overlooked assets’, possible REIT spin-off: UOB Kay Hian

Having made its name as a real estate solutions provider, Boustead Projects’ focus is naturally on its core engg expertise. The group’s Design-and-Build segment, which provides turnkey solutions to clients for custom-built smart eco-sustainable business park and industrial…

3 potential S-REIT mergers to watch out for: UOB Kay Hian

On the back of a slew of M&As among S-REITs, UOB Kay Hian believes there could well be more consolidation of smaller S-REITs to come. According to UOB Kay Hian lead analyst Jonathan Koh, here are three potential…

Size matters: UOB Kay Hian stays buoyant on Singapore REITs sector amid flurry of M&As

S-REITs continue to excite market watchers, amid a flurry of M&As this year. In the largest deal, CapitaLand in Jan announced it is forking out $6 billion to acquire Temasek Holdings’ subsidiary Ascendas-Singbridge (ASB), in a move which…

UOB in financing tie-up to help power use of solar energy in Singapore

UOB is collaborating with three homegrown solar companies – SolarGy, SolarPVExchange and Sunseap Group – to accelerate the use of solar energy in Singapore. Under the collaboration, business and homeowners will be able to adopt solar energy by…

UOB extends S$140m in green loans to real estate SMEs under new framework

UOB on Thurs said it has provided its first green loans under its new real estate sustainable finance framework. Lucrum Capital and Teambuild Engg & Construction are the first to use the framework. The two companies secured a…

Tight vacancies in CBD offices to drive Suntec REIT’s gains

Suntec REIT’s office portfolio will see continued gains driven by limited supply within the core CBD and upcoming revenue contribution from new developments, according to UOB Kay Hian. Although the REIT’s DPU decreased 5.1% YoY in Q3, revenue…

UOB and RHT Chestertons launch online commercial property indication guide

RHT Chestertons and UOB Business Banking have jointly launched Singapore’s first online commercial property indication service. Using an app developed by Soreal Prop and UOB, the platform claims to provide the value indication guide for local commercial titled…

PropNex upgraded to ‘buy’ on prospects of strong 2H19 rebound, regional expansion

UOB Kay Hian has upgraded real estate agency PropNex to a “buy” call. This is on expectations of a strong rebound for the group in 2H19, on the back of several areas of strength that the group could…

Singapore poultry industry to get first smart and green factory with S$40m UOB loan

Singapore Poultry Hub is setting up the first smart and green factory for the industry in Singapore with a S$40 million loan from UOB. The new 29,384 sqm factory will help Singapore Poultry Hub to improve productivity by…

Pace of private home launches to pick up in Sept but so will competition: UOB

Singapore potential private home buyers are staying optimistic despite the economic slowdown, if Aug private home sales figures are anything to go by. Or are they? And what would the month of Sept bring? Although Aug sales were…

Data centre expansion to drive Mapletree Industrial Trust’s economic resiliency

Mapletree Industrial Trust’s (MIT) investment strategy to expand data centre assets beyond Singapore and reposition its portfolio towards the high-tech building segment will help it weather macroeconomic headwinds in the long run, UOB Kay Hian noted in a…

There’s more to Mapletree Industrial Trust’s high-tech transformational strategy than meets the eye

Mapletree Industrial Trust’s strategy making high-tech buildings the focus of its properties portfolio is looking to be a ‘transformational’ move. In June 2017, MINT completed the development of 1 & 1A Depot Closeback. This was followed by 30A…

REITs defy downturn on tight office supply

The tight office supply in Singapore drove rent prices upwards despite a moderate increase in leases amidst an uncertain macroeconomic outlook, according to a report by UOB Kay Hian. Despite the dampened business sentiment, CapitaLand Commercial Trust (CCT),…

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