The Indian arm of Mirae Asset Global Investments has acquired a Mumbai area warehouse from local builder Prakhhyat Group for INR 1.3 billion ($16 million), as the Korean asset manager looks for returns in the subcontinent’s real estate sector, according… Read More>>
Singapore-based Digital Edge has entered the Indian data centre market by setting up a joint venture with Singapore-based AGP Sustainable Real Assets and a state-backed investor to build a portfolio of hyperscale facilities including a $2 billion facility in Mumbai,… Read More>>
ARA US Hospitality Property Trust is ready to work with Uncle Sam as the Singapore-listed REIT announced on Wednesday that it has agreed to buy a Hilton-branded property in one of America’s biggest military hubs for $29 million.
The ESR-controlled… Read More>>
Limited project launches have slowed down home sales and dampened Singapore’s housing market in the fourth quarter, causing prices for new private homes to rise by a mere 0.2 percent from the preceding three months and temper full-year price growth… Read More>>
Mapletree Logistics Trust is selling an ageing warehouse near Singapore’s Changi International Airport to a local furniture retailer for S$22 million ($16.34 million), freeing up cash to invest in fresh assets, according to a bourse filing late Tuesday.
The trust’s… Read More>>
Hong Kong’s Link REIT is entering Singapore with a bang as it records the city’s largest real estate acquisition this year with a S$2.16 billion ($1.6 billion) purchase of a pair of suburban malls from Mercatus Co-operative Ltd, according to… Read More>>
After failing to consummate planned divestments of a pair of Hangzhou properties, SGX-listed EC World REIT says it is now in talks with both local and foreign lenders for a further repayment extension on $114 million in debt due on… Read More>>
Grade A office rents in Singapore’s core business districts jumped by 8.3 percent in 2022, more than double last year’s growth rate, as vacancies fell and more employees returned to their desks, according to data from CBRE Research.
CBRE said… Read More>>
A unit of Singaporean conglomerate Keppel Corp is selling its stake in a residential development project in Shanghai’s suburban Jiading district for RMB 783 million ($112.3 million), exiting the joint venture it formed two years ago with local developer Gemdale… Read More>>
Celine and Gordon Tang chalked up three transactions in a week, including the sale of a hotel in Australia by Chip Eng Seng as the mainland billionaire couple bids to buy out the Singapore-listed builder.
Chip Eng Seng agreed to… Read More>>