In today’s roundup of regional headlines, units of Blackstone’s Indian mall REIT climb to a valuation of $1.9 billion in their trading debut, and US real estate mogul Sam Zell passes away after an illness. Also making the news is… Read More>>
GLP Japan REIT Buying Four Warehouses for $420M, Financed by Sale of New Units
Tokyo-listed GLP J-REIT plans to acquire three warehouses across Japan and a partial stake in a fourth shed for a total consideration of JPY 58.2 billion ($420 million), with the bulk of the amount to be financed by the issuance… Read More>>
Hines Hires Kiyohito Motoyama as Japan Industrial Head, Adds Two Others to Team
US developer and fund manager Hines has added three new hires to its Japan team, led by Kiyohito Motoyama as director of logistics and industrial.
Motoyama, most recently of Mitsubishi Jisho Investment Advisors, will head up efforts to source new… Read More>>
GIC Completes Hyderabad Tech Park Buy and More Asia Real Estate Headlines
In today’s roundup of regional headlines, Singapore’s GIC completes its acquisition of a Hyderabad office complex, and Chinese state-owned builder Greenland readies its virtual asset trading platform in Hong Kong. Also in the news, Fitch plans to pull its rating… Read More>>
WeWork Boss Sandeep Mathrani Steps Down, Joins Sycamore Partners
WeWork’s ongoing turnaround will continue without the leadership of chairman and CEO Sandeep Mathrani, who is leaving the flexible space provider to become a director at private equity firm Sycamore Partners.
Mathrani will exit his roles at WeWork on 26… Read More>>
Hyperscale Data Centres to Exceed 1,000 Sites Globally Next Year: JLL
With 314 new sites in development worldwide, the number of hyperscale data centres is expected to pass 1,000 by the end of 2024 — up from 500 five years ago, according to JLL.
The hyperscale market is expected to deliver… Read More>>
Population ‘Time Bomb’ to Hit Hong Kong Housing and More Asia Real Estate Headlines
In today’s roundup of regional headlines, fresh research sounds alarm bells over an ageing population’s impact on the Hong Kong housing supply, and Far East Consortium hits practical completion on Melbourne project. Also in the news, China’s home price growth… Read More>>
CapitaLand Ascendas REIT Buying Seagate Singapore R&D Building for $163M
CapitaLand Ascendas REIT has agreed to acquire an R&D and business park property used by data storage firm Seagate in Singapore’s One North district for S$218.2 million ($163.2 million).
The 2015-vintage building at 26 Ayer Rajah Crescent serves as Seagate’s… Read More>>
Share of Foreign Homebuyers in Singapore Reached 5-Year High in Q1
The proportion of non-landed Singapore homes bought by foreigners or non-permanent residents reached 6.9 percent in the first quarter of 2023, more than doubling from 3.1 percent in the year-earlier period, according to an analysis by OrangeTee & Tie.
The… Read More>>
CapitaLand REIT Buying Shed in Malaysia’s Selangor and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, CapitaLand Malaysia Trust reveals plans to buy its second logistics asset, and a sharp drop in China property investment casts doubt on a robust recovery. Also making the list is a 40 percent… Read More>>
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