Asia Pacific real estate investment news and information
Singapore’s City Developments Ltd reported a first-half attributable profit of S$87.8 million ($66.8 million), up 32 percent year-on-year, with divestment gains and hotel income weighing heavily as development revenue dipped.
CDL’s overall revenue for the six months tumbled 42 percent… Read More>>
ESR expects to report a loss of $210 million for the first half of the year, according to a warning issued Wednesday by the Hong Kong-listed industrial developer and fund manager.
The predicted shortfall would reverse a net profit of… Read More>>
CapitaLand Integrated Commercial Trust posted first-half distributable income of S$366.5 million ($277 million), up 3.7 percent year-on-year, as strong leasing countered missing revenue from an under-renovation German property.
SGX-listed CICT’s distribution per unit for the six months to June rose… Read More>>
Princeton Digital Group has acquired a Yahoo data centre in western Singapore as the Warburg Pincus-backed platform continues to expand aggressively in the city-state and neighbouring territories.
Known as SG3, the five-megawatt data centre is on the fifth floor of… Read More>>
Wheelock Properties has acquired an industrial building in Hong Kong’s Wong Chuk Hang area for HK$728 million ($93.4 million), more than two years after applying for a compulsory sale of the ageing property.
The purchase of the Ha Lung Industrial… Read More>>
Commercial real estate investment in Asia Pacific rose 2 percent year-on-year in the second quarter of 2024 to hit $27.3 billion, marking a third straight quarter of growth, according to JLL.
First-half investment volume totalled $57.5 billion, up 7 percent… Read More>>
BlackRock has expanded Tomoko Ueda’s role to include chief operating officer for Asia Pacific, as the world’s biggest asset manager continues to reconfigure its regional team.
Ueda joined BlackRock from Nikko Asset Management in 2022 and currently serves as APAC… Read More>>
Tokyo-listed Nomura Real Estate Master Fund has agreed to acquire a Hokkaido hotel from Japanese builder Daiwa House Industry for JPY 6.3 billion ($43 million).
The REIT sponsored by Nomura Real Estate Development is buying La’gent Stay Hakodate Ekimae in… Read More>>
Mitsubishi Estate is marketing its 30 percent stake in Sydney’s tallest office building, with the Japanese property giant saying it plans to reinvest the proceeds in other projects across Australia.
The Tokyo-based investor owns Salesforce Tower in a joint venture… Read More>>
Macquarie Asset Management has agreed to acquire the 40-megawatt Hanam Data Centre near Seoul for KRW 734 billion ($530 million), confirming June reports that the Aussie firm was in due diligence to buy the soon-to-be-completed facility from South Korea’s IGIS… Read More>>
