{{website.User.name}}

{{website.User.title}}  ·   License No: {{website.User.license_no}}
Drag to Reposition Cover
Double tap first if using mobile

Eagle H Trust locked into exclusive talks with Far East Consortium

The Business Times

THE special committee taking charge of the restructuring and the strategic review of Eagle Hospitality Trust's (EHT) business has had to abandon expressions of interest from "credible and reputable asset management companies and/or institutional investors" because of a letter of intent that EHT's sponsor Urban Commons (UC) had signed with Hong Kong-listed property conglomerate Far East Consortium International (FECIL) providing for a 90-day exclusivity period that expires on July 14, 2020.

EHT's sponsor in talks to change control of manager to Far East Consortium

The Business Times

THE special committee taking charge of the restructuring and the strategic review of Eagle Hospitality Trust’s (EHT) business has had to abandon expressions of interest from “credible and reputable asset management companies and/or institutional investors”, because of a letter of intent providing a 90-day exclusivity period that the real estate investment trust's (Reit) sponsor, Urban Commons, had signed with Hong Kong-listed property conglomerate Far East Consortium International (FECIL).

Mandate for landlords' rent waivers exception to the norm

The Business Times

THIS year is turning out to be a rather bad year for landlords. First, most of their tenants had to be shuttered to prevent the spread of Covid-19. Then, landlords were told to exercise leniency when it came to demanding rentals. Now, new legislation will make it mandatory for landlords to waive rents for small and medium-sized enterprise (SME) tenants.