A joint bid by Singapore-based Far East Organization and Hong Kong’s Sino Group has won a tender for a commercial and residential site in the leafy Jalan Anak Bukit area of central Singapore, with the S$1.03 billion ($770 million) offer… Read More>>
Mapletree Buys Four UK Student Housing Assets From Vita Group for $227M
With universities in reopening mode as the COVID-19 crisis recedes in Britain, Singapore’s Mapletree Investments has taken the opportunity to acquire four purpose-built student housing assets in England for a total consideration exceeding £165 million ($227 million).
The 917-bed portfolio… Read More>>
China Vanke Net Profit Dips 11.7% in 2021 1H as Margins Decline, Development Slows
China Vanke’s net profit for the first half of 2021 fell 11.7 percent year-on-year to RMB 11 billion ($1.7 billion in current terms), compared with 6 percent growth in the year-earlier period, as margins on booked development projects declined and… Read More>>
JD in Talks to Buy Controlling Stake in China Logistics Property
Hong Kong-listed China Logistics Property Holdings has reeled in a candidate for taking over the mainland warehouse operator, with market sources confirming to Mingtiandi that e-commerce giant JD.com has proposed buying a controlling stake of 26.38 percent in the company.
Keppel REIT Searches for New Leader as CEO Paul Tham Heads for the Exit
Singapore-listed Keppel REIT said late Friday that Paul Tham will step down as chief executive of the trust’s manager on 20 October to pursue other opportunities.
The board is evaluating potential candidates to succeed Tham, a one-time management consultant who… Read More>>
Evergrande Profit Warning Drives Shares Down Another 7%
Hong Kong-listed China Evergrande’s share price fell 7.2 percent Thursday after the cash-strapped developer issued a warning Wednesday night that the group’s first-half net profit would plunge somewhere between 29 and 39 percent from a year earlier.
In a filing… Read More>>
Firmus Capital Buys Central Singapore Mall to Bring Opportunity Fund AUM to $148M
A western Singapore mall has become Firmus Capital’s second acquisition in the city-state, boosting the local private equity firm’s newly launched Firmus Opportunity Fund VCC to S$200 million ($147.8 million) in assets under management.
The single-storey Le Quest Mall in… Read More>>
Princeton Digital Launches $150M Jakarta Data Centre as Sixth Indonesia Project
Singapore-based Princeton Digital Group continues to draw on Indonesia’s fast-growing internet economy as it launches development of its third data centre project in the Jakarta area and sixth overall in Southeast Asia’s most populous nation.
The new 22-megawatt data centre,… Read More>>
M&G Pays $91M for 40% Stake in ESR Warehouse Near Nagoya Port
The Asian division of UK-based M&G Real Estate has acquired a 40 percent stake in warehouse specialist ESR’s Yatomi Distribution Centre for JPY 10 billion ($91 million), valuing the property in Japan’s Nagoya area at $227.5 million.
M&G bought the… Read More>>
Digital Edge Hires Former JP Morgan Exec Yaniv Ghitis as Chief Investment Officer
Singapore-based Digital Edge has named Yaniv Ghitis chief investment officer, tapping the longtime JP Morgan dealmaker to oversee new market entry, M&A and investor relationships for the Asia-focused data centre platform.
Before joining Digital Edge, Ghitis was a senior member… Read More>>
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