City Developments Ltd (CDL) will acquire the Central Square complex near Clarke Quay from Far East Hospitality Trust for S$315 million ($230 million), according to a statement late Thursday, as part of a plan to redevelop its neighbouring Central Mall… Read More>>
Singapore’s Sun Venture Said Buying London Office Building From WeWork
Singaporean investment firm Sun Venture is reportedly offering to pick up a freehold office building in central London for around £150 million ($199.4 million) to mark its third UK deal since making its debut in the country last year.
Sun… Read More>>
Chindata’s Bridge Data Centres Breaks Ground on 100MW Malaysian Campus
Singapore-based Bridge Data Centres has started work on a new hyperscale data centre campus in the southern Malaysia state of Johor, that can deliver an estimated 100 megawatts of power capacity in the state just across the border from Singapore,… Read More>>
Blackstone Buys Hong Kong Industrial Building for Self-Storage JV
US private equity giant Blackstone on Thursday closed on the purchase of its third Hong Kong industrial building this year, picking up a property in Shau Kei Wan held by the family of late “Shop King” Tang Shing-bor to add… Read More>>
CDL Buys Residential Site in Singapore’s Upper Bukit Timah for $93M
A unit of SGX-listed developer City Developments Ltd (CDL) has secured the rights to a pair of commercial properties in Upper Bukit Timah for S$126.3 million ($92.5 million), a move that could pave the way for a new condominium tower… Read More>>
LaSalle Raises $290M for Japan Fund, Adds Apartments, Warehouse
LaSalle Investment Management has secured JPY 33 billion ($289 million) in fresh funds for its open-ended Japan fund and added eight industrial and residential assets to the venture as Asia’s second largest economy continues to find favour with property investors.
OUE Commercial REIT Names Former BNP Paribas Exec as New Chief
Just under a month after the sudden resignation of its chief executive, the manager of Singapore-listed OUE Commercial REIT has found a new pilot for the S$2.39 billion ($1.75 billion listed trust, according to an announcement Monday evening.
The owner… Read More>>
PGIM, Blackstone Add to Tokyo Apartment Portfolios, AXA Sells Office Project
Global investors continue to pick up Tokyo apartments, with a JPY 10 billion ($88 million) PGIM Real Estate residential joint venture announcing a fresh acquisition this past week and local news reports revealing an apartment purchase by Blackstone in the… Read More>>
Condo Owners in SG’s Orchard Area Try for $463M Collective Sale
A 22-storey freehold condo complex near Singapore’s posh Orchard Road is back on the market for the third time in three years, with the owners trying for their highest price ever as home prices in the city state head for… Read More>>
Evergrande Founder Plunges to 70th Spot Among China’s Richest Billionaires
The founder of debt-laden developer China Evergrande Group, Xu Jiayin, fell to the 70th spot in this year’s list of China’s wealthiest billionaires from his perch as the richest man four years ago.
The 63-year-old real estate magnate saw his… Read More>>