Hong Kong’s office market continued to slide in December, with the vacancy rate for Grade A space in Central surpassing 7 percent for the first time since 2004, according to JLL.
In its Property Monitor Report released Monday, the real… Read More>>
AXA IM Breaks Ground on $260M Nagoya Distribution Centre with ESR
AXA IM Alts, an alternative asset arm of France’s AXA Investment Managers, announced on Tuesday that it has begun construction of a four-storey logistics facility near Nagoya, Japan.
Working together with Warburg Pincus-backed developer and fund manager ESR, which will… Read More>>
UK Developer Grosvenor Appoints Kozo Hiratani as Japan President
Privately held Grosvenor on Monday announced the appointment of Kozo Hiratani as president of the UK property group’s business in Japan, effective 1 February.
Hiratani has extensive experience in the real estate industry, having worked at Mitsui Fudosan for 25… Read More>>
JLL Recruits Finance Veterans to Fill Japan, India Leadership Posts
Global property consultancy JLL made a pair of leadership appointments in Asia in the past week, looking outward to hire Ken Sakuramoto as head of equity advisory for Japan and Radha Dhir as chief executive for India.
Based in Tokyo,… Read More>>
Singapore’s CDL Warns of Loss After China Developer Investment Swells to $1.4B
Singapore-based City Developments Ltd on Thursday issued a fresh warning that it is likely to report a loss stemming from the firm’s contentious investment in mainland Chinese developer Sincere Property Group.
In the filing with the Singapore Exchange, CDL cited… Read More>>
Hines Hires New Asia Investment Chief as Fund Management Business Grows
Hines is strengthening its regional investment team with the hiring of asset management veteran Ng Chiang Ling as chief investment officer for Asia, based in the US developer’s Singapore office.
Ng will work alongside Asia Pacific CEO Ray Lawler and… Read More>>
Tom Woolhouse Joins JLL in Singapore to Lead APAC Industrial Team
With warehouse properties continuing to grow in importance as an asset class, JLL’s regional operation is devoting some fresh resources to the sector, according to an announcement this week.
The global real estate consultancy on Tuesday announced the appointment of… Read More>>
APG Boosts Godrej Indian Office Platform to $250M First Closing
Godrej Fund Management (GFM), the real estate private equity arm of Mumbai-based Godrej Group, on Monday announced the $250 million first closing of its $500 million office development platform, GBTC II, with cornerstone investor APG Asset Management kicking in $200… Read More>>
CapitaLand Tops Out Singapore Trophy Tower, Targets Completion This Year
CapitaSpring, a $1.3 billion mixed-use project in Singapore’s Raffles Place commercial hub, has achieved its full height of 280 metres (919 feet), according to an announcement by its owners.
Now 75 percent complete in terms of overall construction, the 51-storey… Read More>>
Shanghai Core Office Rents Fell 6.7% Last Year as Vacancy Climbs
Shanghai office rents ended 2020 as they began it — in a persistent decline — despite a boost from leasing activity in fringe areas, according to research by global property consultancy JLL.
Rents in Shanghai’s prime office locations fell 1.3… Read More>>
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