Office
The UK Post Office scandal holds many important governance lessons
THE recent scandal surrounding the UK’s postal service may not have made the headlines in Singapore, but the incident – which must rank as one of the worst-ever lapses...
Elite UK Reit to divest office building Hilden House for £3.3 million
ELITE UK Real Estate Investment Trust (Reit) has entered a contract to divest Hilden House, an office building in Warrington, England, for a sale consideration of £3.3 million (S$5.6...
CICT divests office asset in Raffles Place for S$688 million
CAPITALAND Integrated Commercial Trust (CICT) has divested 21 Collyer Quay, an office building located in Raffles Place, for S$688 million.The sale price is in line with the property’s independent...
Soros Fund Management to shut Hong Kong office in rejig
SOROS Fund Management, founded by billionaire George Soros, plans to shut its Hong Kong office as part of an administrative reorganisation, but said it will continue to invest in...
Police search PwC Sydney office amid tax scandal investigation
POLICE combed through PwC Australia’s Sydney office on Monday (Nov 4) as part of an ongoing investigation into the firm’s tax scandal.Chief executive Kevin Burrowes warned partners to expect...
German banks start to cut US office loan exposure that caused bond turmoil
German banks are cutting legacy US office loan exposure after concerns about commercial real estate (CRE) losses led to a plunge in bond and equity prices in February.Deutsche Bank...