Connect with us

South-Carolina

CapitaLand Ascendas REIT Developing South Carolina Warehouse – Mingtiandi

Published

on

CapitaLand Ascendas REIT Developing South Carolina Warehouse – Mingtiandi


A rendering of the project in Summerville, South Carolina (Image: Portman Industrial)

CapitaLand Ascendas REIT on Friday announced its acquisition of a US logistics project at a total investment cost of S$94.8 million ($70.5 million).

CLAR purchased a land parcel in Summerville, South Carolina, near the southern state’s largest city of Charleston, for the development of two single-storey buildings with a total lettable area of 50,991 square metres (548,863 square feet), the SGX-listed trust’s manager said in a release.

The seller is warehouse builder Portman Industrial, which will retain a 5 percent stake in a joint venture with CLAR during construction of the Summerville Logistics Center, according to the manager. The project is expected to be completed in the fourth quarter of 2025, and the REIT plans to acquire Portman’s 5 percent stake once the property is stabilised.

Advertisement

“This development of a prime best-in-class green-certified logistics distribution property aligns with our strategy to expand our logistics portfolio to capture the growth potential in this sector,” said William Tay, CEO and executive director of the manager, which is owned by Temasek-controlled CapitaLand.

Maiden US Development

The Summerville Logistics Center marks CLAR’s first development project in the US and will boost the trust’s logistics assets under management in the country by 27.9 percent to S$434.1 million, the manager said.

William Tay, CEO of CapitaLand Ascendas REITWilliam Tay, CEO of CapitaLand Ascendas REIT

William Tay, CEO of CapitaLand Ascendas REIT

Situated along US Highway 78 northwest of Charleston on the US East Coast, the property is less than 50 kilometres (31 miles) from the Port of Charleston and Charleston International Airport. The area hosts manufacturing and logistics giants including Boeing, Volvo, Mercedes-Benz Vans, UPS and FedEx.

The project is targeting a LEED Silver green building certification, which would increase the number of CLAR’s green-certified properties in the US to 10 out of 49 properties, or 26 percent of the gross floor area of the US portfolio.

Advertisement

“We will continue to identify opportunities to scale up in the US, riding on on/reshoring trends, as well as targeting key growth cities and established industrial markets to serve the growing demand for quality logistics assets,” Tay said.

New Assets Boost Growth

CLAR’s net property income rose 3.9 percent year-on-year to S$528.4 million during the first six months of the year, with the manager attributing the growth to contributions from last year’s acquisitions and newly completed properties.

The S$16.8 billion trust’s performance in the period was boosted by last year’s acquisitions of The Shugart business park and R&D facility in Singapore and The Chess Building data centre in northwest London, as well as the completion of the MQX4 suburban office in Sydney and a life sciences property at 6055 Lusk Boulevard in San Diego.

Last month, CLAR agreed to sell a warehouse in western Singapore to data centre operator GDS International for S$112.8 million.



Source link

Advertisement

South-Carolina

The 3 Democrats vying for SC governor’s seat take jabs at each other in SCETV debate

Published

on

The 3 Democrats vying for SC governor’s seat take jabs at each other in SCETV debate


COLUMBIA — Three candidates seeking to become South Carolina’s first Democratic governor in more than two decades squared off in fiery rebuttals on live television June 3.

State Rep. Jermaine Johnson, attorney Mullins McLeod and businessman Billy Webster debated for an hour during SCETV’s Democratic gubernatorial square-off where McLeod attacked the other two candidates almost every chance he got to speak.

It was the second SCETV debate this week and all three candidates participated, compared with the Republican debate June 1 where only half the six candidates appeared.

Nearly every question, McLeod exceeded his allotted time, often using his messaging to attack his opponents.

Advertisement

Democrats face long odds in the November general election. The Palmetto State has not elected a Democratic governor in more than a quarter-century, and the party’s prospects have diminished in recent election cycles.

But the three candidates on the debate stage made it known they’re not afraid of the challenge.

“In this state there are at least 1.1 million people who are willing to vote for a Democrat and a Black person statewide,” Johnson said on his odds of winning, referencing the number of people who voted for Jaime Harrison in 2020 against Republican U.S. Sen. Lindsey Graham.

And while it wasn’t mentioned during the debate, Democratic early voter turnout has reached historic levels this election cycle. On the first day of early voting, Democratic primary voters outnumbered Republicans more than four-to-one, about 46,000 to 10,000. Early voting will end June 5.

While the three candidates largely agreed on broader policy like Medicaid and abortion access, they did have some key differences in opinions on issues like gambling and even how to work with the legislature.

Advertisement

Where candidates agreed

The three men largely agreed there are major issues that need to be addressed in the state’s health care systems, but went about addressing them in different ways.

Medicaid expansion was something all three candidates broadly agreed on, specifically tied to ensuring the state decreases the rise in infant mortality rates. All three believed there is corruption in the government.

All candidates had issues with data centers. McLeod labeled himself as the only anti-data center candidate, while Johnson boasted about his Statehouse experience in introducing a moratorium to stop data centers from coming into the state. Webster poked at flaws surrounding promises of transparency associated with the projects and the environmental hazards the centers bring.

Both Webster and Johnson went after Republicans who have campaigned on getting rid of the state income tax, saying it was unrealistic for the state to do so.

“We cannot eliminate the state income tax and even have a state that is recognizable in 10 years,” Webster said.

Advertisement

Where they disagreed

There were some stark disagreements, including how to go about working with the legislature. Johnson and Webster reflected on their time working across the aisle with Republicans while McLeod said bipartisanship is not the answer.

“More politics is not the answer. Bipartisanship is not the answer” McLeod said. “You know what’s been missing? The truth, the light … servant leaders who are willing to stand for the people of South Carolina.”

Public education was another area the candidates differed. Webster said there needs to be less regulations and restrictions on South Carolina teachers so that they are not so weighed down by requirements. Johnson proposed adding universal pre-K and McLeod said he wanted to pay teachers $85,000-$100,000 per year.

Candidates also had different answers on gambling. Johnson reflected on personal experiences where he saw gambling bring havoc to his family, but said the opening of casinos in South Carolina could be possible with great oversight. Webster said he didn’t have enough knowledge on the topic but could see the benefits that casinos could bring in the form of jobs in counties like Orangeburg if given proper regulation. McLeod said gambling causes problems and was against the opening of casinos.

Surprises

Much of the campaign attacks from Democratic candidates have been directed at Republicans, not necessarily each other. But the night was different.

Advertisement

Multiple times during the debate, McLeod went over his allotted time to try to attack Johnson or Webster. Both candidates repeated the same response in return, sometimes laughing, saying they had no idea what McLeod was talking about.

McLeod continued to reference both Webster and Johnson as being part of the corruption in South Carolina that he could “shine a light” on. He referred to himself as a servant more than six times.

“If you’re going to be on the stage and run for governor, you better start checking your facts,” Webster said to McLeod.





Source link

Advertisement
Continue Reading

South-Carolina

WATCH: Gov. McMaster signs bill protecting SC police animals

Published

on

WATCH: Gov. McMaster signs bill protecting SC police animals


COLUMBIA, S.C. (WIS) – A ceremonial bill signing was held We Wednesday for a new law that enhances penalties for harming police animals in South Carolina.

H.3034 – also known as Fargo’s, Hyco’s, Rico’s, Coba’s, Wick’s, Mikka’s, and Bumi’s Law – was passed and ratified by state lawmakers in May.

The bill is named after seven police K-9’s lost in recent years acros South Carolina.

Gov. Henry McMaster later signed the bill into law, with it going into effect on May 15.

Advertisement

The law makes killing or severely injuring a police animal, such as a K-9 or horse, punishable by up to 15 years in prison.

It also states that anyone convicted of that crime must pay back the full cost of the animal – including buying a new one, training and any veterinarian bills. The law also makes it a crime to fire at a police vehicle if an animal is inside.

Police are also required by law to keep detailed records when a K-9 bites or causes injury.

Feel more informed, prepared, and connected with WIS. For more free content like this, subscribe to our email newsletter, and download our apps. Have feedback that can help us improve? Click here.

Copyright 2026 WIS. All rights reserved.

Advertisement



Source link

Continue Reading

South-Carolina

South Carolina Lottery Mega Millions, Pick 3 results for June 2, 2026

Published

on

South Carolina Lottery Mega Millions, Pick 3 results for June 2, 2026


play

The South Carolina Education Lottery offers several draw games for those aiming to win big.

Advertisement

Here’s a look at June 2, 2026, results for each game:

Winning Mega Millions numbers from June 2 drawing

15-26-43-48-60, Mega Ball: 12

Check Mega Millions payouts and previous drawings here.

Winning Pick 3 Plus FIREBALL numbers from June 2 drawing

Midday: 8-7-6, FB: 6

Evening: 3-8-3, FB: 6

Advertisement

Check Pick 3 Plus FIREBALL payouts and previous drawings here.

Winning Pick 4 Plus FIREBALL numbers from June 2 drawing

Midday: 2-8-6-6, FB: 6

Evening: 7-1-4-4, FB: 6

Check Pick 4 Plus FIREBALL payouts and previous drawings here.

Winning Cash Pop numbers from June 2 drawing

Midday: 02

Advertisement

Evening: 06

Check Cash Pop payouts and previous drawings here.

Winning Palmetto Cash 5 numbers from June 2 drawing

01-04-05-07-34

Check Palmetto Cash 5 payouts and previous drawings here.

Feeling lucky? Explore the latest lottery news & results

Advertisement

Are you a winner? Here’s how to claim your lottery prize

The South Carolina Education Lottery provides multiple ways to claim prizes, depending on the amount won:

For prizes up to $500, you can redeem your winnings directly at any authorized South Carolina Education Lottery retailer. Simply present your signed winning ticket at the retailer for an immediate payout.

Winnings $501 to $100,000, may be redeemed by mailing your signed winning ticket along with a completed claim form and a copy of a government-issued photo ID to the South Carolina Education Lottery Claims Center. For security, keep copies of your documents and use registered mail to ensure the safe arrival of your ticket.

SC Education Lottery

P.O. Box 11039

Advertisement

Columbia, SC 29211-1039

For large winnings above $100,000, claims must be made in person at the South Carolina Education Lottery Headquarters in Columbia. To claim, bring your signed winning ticket, a completed claim form, a government-issued photo ID, and your Social Security card for identity verification. Winners of large prizes may also set up an Electronic Funds Transfer (EFT) for convenient direct deposit of winnings.

Columbia Claims Center

1303 Assembly Street

Columbia, SC 29201

Advertisement

Claim Deadline: All prizes must be claimed within 180 days of the draw date for draw games.

For more details and to access the claim form, visit the South Carolina Lottery claim page.

When are the South Carolina Lottery drawings held?

  • Powerball: 10:59 p.m. ET on Monday, Wednesday, and Saturday.
  • Mega Millions: 11 p.m. ET on Tuesday and Friday.
  • Pick 3: Daily at 12:59 p.m. (Midday) and 6:59 p.m. (Evening).
  • Pick 4: Daily at 12:59 p.m. (Midday) and 6:59 p.m. (Evening).
  • Cash Pop: Daily at 12:59 p.m. (Midday) and 6:59 p.m. (Evening).
  • Palmetto Cash 5: 6:59 p.m. ET daily.

This results page was generated automatically using information from TinBu and a template written and reviewed by a South Carolina editor. You can send feedback using this form.



Source link

Continue Reading
Advertisement

Trending