Aldar launches first residential land community on Saadiyat Island

ABU DHABI, UAE: Aldar Properties has launched today its first residential community in the heart of Saadiyat Island – Saadiyat Reserve. The AED 722 million community features 306 infrastructure enabled…

NNR September 8, 2019

Ratings

Emaar launches Ease by Emaar, a short-term rental concept for travelers

DUBAI, UAE: Emaar, a Dubai-based global property developer and provider of premium lifestyles, today announced the launch of Ease by Emaar – a streamlined short-term rental concept that provides global…

NNR September 5, 2019

Ratings

Ascott opens Southeast Asia’s largest coliving property lyf Funan Singapore

SINGAPORE: CapitaLand’s wholly owned lodging business unit, The Ascott Limited (Ascott), has opened lyf Funan Singapore, the largest coliving property in Southeast Asia. It is also the world’s first property…

NNR September 5, 2019

Ratings

Frasers Centrepoint Trust to join the FTSE EPRA/NAREIT Global Developed Index

SINGAPORE: Frasers Centrepoint Asset Management Ltd (FCAM), the manager of Frasers Centrepoint Trust (FCT), announced that FCT will be included in the FTSE EPRA/NAREIT Global Real Estate Index Series (Global…

NNR September 5, 2019

Ratings

GuocoLand launches Meyer Mansion

SINGAPORE: GuocoLand Limited has announced the concept and design of Meyer Mansion. The sales gallery will open on 7 September 2019 for preview, and the development will launch for sale…

NNR September 4, 2019

Australian Exchange Ratings

CDL and DBS Bank set benchmark on innovation-focused financing

SINGAPORE: City Developments Limited (CDL) has secured a S$250 million SDG Innovation Loan, in the form of a three-year revolving credit facility provided by DBS Bank Ltd. (DBS). This is…

NNR September 4, 2019

Ratings

OUE increases stake in Gemdale Properties and Investment Corporation

SINGAPORE: The Board of Directors of OUE Limited through its wholly-owned subsidiary, Beacon Limited, Tuesday acquired 959.861 million ordinary shares in the capital of Gemdale Properties and Investment Corporation Limited…

Chenos Kahn August 28, 2019

Ratings

Cairn sells of 282 PRS apartments at The Quarter at Citywest for €94 million

LONDON: Cairn Homes plc, the leading Irish homebuilding company, announced the forward sale of 282 multifamily private rental sector (PRS) apartments at The Quarter in Citywest to Urbeo for a…

NNR August 27, 2019

Ratings

SPDI completes sale of assets in Greece

LONDON: Secure Property Development & Investment (SPDI), the South Eastern European focused property company, announced the completion of the sale of its Victini Logistics property in Greece to Brook Lane…

NNR August 22, 2019

Ratings

AM Best affirms credit ratings of Delvag Versicherungs-AG

AMSTERDAM: AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of Delvag Versicherungs-AG. The outlook of these credit ratings (ratings)…

NNR August 14, 2019

Ratings

AM Best affirms credit ratings of Polskie Towarzystwo Reasekuracji

AMSTERDAM: AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” of Polskie Towarzystwo Reasekuracji S.A (Polish Re). The…

NNR August 8, 2019

Ratings

Long term issuer credit rating of Arab Orient Insurance upgraded

LONDON: AM Best has upgraded the Long-Term Issuer Credit Rating to “bbb+” from “bbb” and affirmed the Financial Strength Rating of B++ (Good) of Arab Orient Insurance Company. The ratings…

NNR August 8, 2019