In today’s roundup of regional news headlines, Singaporean giant CapitaLand reveals its Geneo life science and innovation cluster to support biomedical research, and Prologis agrees to buy $3.1 billion in US warehouses from Blackstone. Also making the list, a pair… Read More>>
Singapore Launches Tender for Jurong Site to Boost Office Supply in Future CBD
Singapore’s Urban Redevelopment Authority on Thursday launched the tender of a 6.5 hectare (16 acre) mixed-use development site in Jurong Lake District as the city-state ramps up government land sales this year.
The so-called white site in Singapore’s western region… Read More>>
GLP Japan Fund Hits $3.2B After New Inflows and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, GLP beefs up its flagship Japan logistics fund with new capital commitments, and China Evergrande’s former CEO reportedly puts his Hong Kong home on the market. Also making the list is a report… Read More>>
Kerry Acquires Henan Road Plot for $1.2B to Assemble Central Shanghai Mega-Site
Kerry Properties has won a government tender for a site near Shanghai’s Yuyuan Garden for RMB 8.78 billion ($1.2 billion) to move a step closer to consolidating a supersized mixed-use project.
The bid is for the second of two sets… Read More>>
Hong Kong Builders Cut Home Prices to 2018 Levels and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, big-name Hong Kong developers dangle deep discounts to lure buyers to new projects, and Alibaba’s Cainiao logistics arm replaces one of the banks preparing its IPO. Also making the list is a Greystar… Read More>>
NWP-Backed Indonesia Logistics Platform Breaks Ground on Pair of Projects
Cella Management Logistics, an Indonesia-focused industrial platform backed by Jakarta-based developer NWP Property, has broken ground on two logistics projects with a planned 165,000 square metres (1.8 million square feet) of net leasable area.
The pair of projects — a… Read More>>
QIP Wraps Up $50M Japan Multi-Family Fund With Tokyo Buy
Singapore’s Q Investment Partners has acquired a residential property in central Tokyo as the fourth and final asset of the private equity firm’s Japan multi-family housing fund, marking the closure of the $50 million vehicle.
The property consists of 42… Read More>>
Blackstone Preps $1B IPO of India Office REIT and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Blackstone prepares to launch Asia’s largest REIT IPO in terms of square footage, and the sale of Samsung SDS’s head office shapes up to be South Korea’s biggest real estate deal of the… Read More>>
Hong Kong Commercial Property Investment Falls 45% as Interest Rates Sour Reopening
Deal volume in Hong Kong’s commercial property market fell 45 percent year-on-year to HK$18.1 billion ($2.3 billion) in the first six months of 2023 as high interest rates continued to discourage investors, according to Cushman & Wakefield.
Despite a gradual… Read More>>
ESR Completes Chengdu Industrial Park as Group’s First Purpose-Built Cold Chain Facility
ESR has finished construction of its first purpose-built cold storage facility at the ESR Chengdu Qingbaijiang Cold Chain Industrial Park in China’s Sichuan province.
Completed in early 2023, the park comprises single- and multiple-storey cold storage facilities with a total… Read More>>
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