Asia Pacific real estate investment news and information
Keppel Ltd on Thursday said first-half net profit rose 25 percent year-on-year to S$431 million ($333 million) on strength in the Singaporean conglomerate’s real estate and infrastructure businesses.
The profit figure excludes the group’s non-core portfolio for divestment, underscoring Keppel’s… Read More>>
Japan’s Ichigo Hotel REIT has agreed to acquire a property in Okinawa and another on the western coast of Honshu island for a total of JPY 5.7 billion ($38 million).
The Tokyo-listed trust sponsored by Ichigo, the investment manager led… Read More>>
Hongkong Land reported a first-half attributable profit of $221 million, reversing a year-earlier loss of $833 million, as the valuation of the builder’s Central-based hometown office portfolio stabilised for the first time since rents began to decline in 2019.
The… Read More>>
Mitsui Fudosan Logistics Park has agreed to sell two Greater Tokyo warehouses, including a large facility in Chiba prefecture’s Inzai, for a total of JPY 35.4 billion ($240 million).
The Tokyo-listed REIT will offload i Missions Park Inzai for JPY… Read More>>
Flow Digital Infrastructure has begun construction of a 30-megawatt data centre campus in central Tokyo, with the unit of Asia-focused private equity firm PAG aiming to meet hyperscale demand in one of the world’s biggest markets for server sheds.
The… Read More>>
CapitaLand Ascott Trust on Tuesday posted a 6 percent year-on-year jump in first-half gross profit to S$182.5 million ($141.8 million) as the managers credited stronger operating performance, portfolio reconstitution and asset enhancement initiatives at Asia Pacific’s biggest lodging REIT.
CLAS’s… Read More>>
The Canada Pension Plan Investment Board has agreed to sell its 49 percent stake in an India mall joint venture to its partner in the platform, Mumbai-based developer Phoenix Mills, in a deal valued at INR 54.5 billion ($630 million).
Singapore’s GIC saw its inflation-adjusted investment performance slip to the lowest level since 2020 during the 12 months to the end of March, with a report by the sovereign wealth fund showing its annualised real rate of return over the… Read More>>
Link Real Estate Partners, the private funds arm of Hong Kong’s Link Asset Management, has agreed to acquire an under-development western Sydney logistics project, with market sources confirming a deal value of A$121.5 million ($80.4 million).
The four-warehouse project with… Read More>>
Australian build-to-rent platform Novus has tapped Japan’s Kanden Realty & Development to invest in a 190-unit BTR project in Melbourne, with the partners seeking to add much-needed supply to the local apartment market.
The 19-storey project, called Novus on Spencer,… Read More>>
