Hongkong Land reported higher underlying profit in the first quarter of 2022 compared with year-earlier levels, as a rise in completions from its development pipeline in mainland China offset COVID-led weakness in the group’s office and retail portfolios at home.
EQT Exeter Eyeing Logistics-Focused APAC Fund, Regional Boss Tells MTD TV
Sweden’s EQT Exeter plans to launch an Asia Pacific logistics fund to pursue investment opportunities in the region’s top markets, a key executive told MTD TV on Thursday.
Matthew Zann, who leads APAC for EQT Exeter, revealed the upcoming strategy… Read More>>
AirTrunk to Build 110MW Tokyo Data Centre as Second Japan Hyperscale Facility
AirTrunk on Monday announced plans to build its second hyperscale data centre in Japan, with the Tokyo facility raising the Macquarie-backed operator’s capacity to 410 megawatts in the country and 1.2 gigawatts across Asia Pacific.
The new data centre, known… Read More>>
Indonesia’s Sinar Mas Buying London Building From Landsec for $238M
SGX-listed Sinar Mas Land has rejoined the wave of Asian investment into the UK capital with a deal to buy a central London commercial building for £195 million ($238 million).
The developer controlled by Indonesia’s Widjaja family, which is famed… Read More>>
Link REIT to Acquire Three Yangtze River Delta Sheds for $139M
Link REIT has agreed to purchase a portfolio of three warehouses in the Yangtze River Delta for RMB 947 million ($139.3 million), as Asia Pacific’s largest listed trust returns to mainland China for its second-ever logistics acquisition.
The set consists… Read More>>
Bain, Ivanhoe Cambridge Launch $1B India Industrial Platform With Developer Lodha
North American investors Bain Capital and Ivanhoe Cambridge have set up a $1 billion industrial partnership with development giant Lodha, aiming to create 30 million square feet (2.8 million square metres) of operating assets to serve India’s digital economy.
The… Read More>>
Ascendas REIT Buying 7 Chicago-Area Warehouses From Blackstone for $99M
Ascendas REIT has made its second foray into the US industrial market, with the Singapore-listed trust agreeing to acquire a portfolio of seven Chicago-area logistics properties for S$133.2 million ($99 million).
The seven assets span 132,344 square metres (over 1.4… Read More>>
JLL Names Alex Barnes Managing Director for Hong Kong and Macau as Morgan Departs
JLL on Tuesday announced the promotion of Alex Barnes to managing director for Hong Kong and Macau, succeeding Gavin Morgan.
Currently head of agency leasing at JLL Hong Kong, Barnes in his new role will lead the global property consultancy… Read More>>
CDL-Hongkong Land JV Sells 77% of Units at Singapore Debut
A joint residential project of City Developments Ltd and Hongkong Land subsidiary MCL Land drew strong interest at its launch weekend, with buyers snapping up 315 of 407 total units at the Piccadilly Grand near Singapore’s Little India neighbourhood.
Located… Read More>>
China Resources Land Appoints Li Xin Chairman as Wang Leaves Board
China Resources Land, the mainland’s eighth-largest developer by contracted sales, has appointed Li Xin as company chairman to replace Wang Xiangming, who stepped down from the post after two and a half years on the job.
Li, 50, joined China… Read More>>
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