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Christopher Caillavet

PAG's Manulife Place

Central Vacancy Dips to 12% as Hong Kong Office Rent Skid Continues: JLL

2024/08/26 by Christopher Caillavet Leave a Comment

Grade A office vacancy in Hong Kong’s prime Central district eased slightly in July even as unused workspace throughout the city rose to 13.7 percent at the end of the month, according to JLL.

Vacancy in Central edged down 0.1… Read More>>

Sekisui House president and CEO Yoshihiro Nakai

Sekisui House Selling Washington DC Apartment Complex to Japan REIT for $279M

2024/08/23 by Christopher Caillavet Leave a Comment

Japanese developer Sekisui House has agreed to sell a set of four apartment buildings in Washington DC to the company’s sponsored REIT for $279 million.

City Ridge in the US capital is a mixed commercial and residential development with a… Read More>>

Kerry Properties chairman and CEO Kuok Khoon Hua

Kerry Properties H1 Profit Drops 55% on Markdowns, Homebuying Weakness

2024/08/23 by Christopher Caillavet Leave a Comment

Hong Kong’s Kerry Properties said first-half attributable profit fell 55 percent year-on-year to HK$788 million ($101 million), as asset revaluations and poor home sales took a toll on earnings at the builder controlled by the family of Shangri-La Hotel tycoon… Read More>>

Josh Olsan UI

Unified Industrial Completes, Finds Buyer for Osaka Shed Project With Macquarie

2024/08/22 by Christopher Caillavet Leave a Comment

Tokyo-based Unified Industrial has completed and sold the first phase of its warehouse complex in Shiga prefecture northeast of Osaka, as shed developers race to add supply in support of the e-commerce sector in Japan’s Chubu and Kansai regions.

A… Read More>>

Paul Salter-2022-2

Australia’s Salter Brothers Forms Japan Hotel Partnership With Tokyo Century

2024/08/22 by Christopher Caillavet Leave a Comment

A partnership formed by Melbourne-based Salter Brothers and a Japanese property firm has seen the Australian fund manager take over asset management for a five-star resort in the southern island of Kyushu.

Hospitality-focused Salter Brothers joined forces with Tokyo Century… Read More>>

Stephen Gaitanos of Scape

Lendlease, Scape Secure Final Approval for $1.2B Melbourne Redevelopment Project

2024/08/21 by Christopher Caillavet Leave a Comment

ASX-listed construction giant Lendlease and Australia’s largest owner-operator of student housing, Scape, have received final approval for their A$1.7 billion ($1.2 billion) transformation of Queen Victoria Market in central Melbourne.

The mixed-use project, featuring 1,100 beds for university students and… Read More>>

Diarmid Massey, chief executive officer for data centres at ESR

ESR to Accelerate AI-Driven Data Centre Rollout After $209M H1 Loss

2024/08/21 by Christopher Caillavet Leave a Comment

ESR posted a net loss of $209 million for the first half of 2024, swinging from a $313.9 million profit a year earlier, but the Hong Kong-listed warehouse builder and fund manager spotlighted its rapidly expanding data centre platform as… Read More>>

Kenny Lam Link REIT

Manulife-Kenedix JV Buys 9 Japan Multi-Family Assets for $160M

2024/08/20 by Christopher Caillavet Leave a Comment

A joint venture of Canada’s Manulife Investment Management and Tokyo-based Kenedix has acquired a nine-asset multi-family portfolio in Japan for JPY 23 billion ($160 million).

Located in the Greater Tokyo and Osaka areas, the properties have an average age of… Read More>>

Koko Hotel Tsukiji Ginza

Japan’s Star Asia REIT Buying Four Hotels for $240M

2024/08/20 by Christopher Caillavet Leave a Comment

Japan’s Star Asia Investment Corp has agreed to acquire four hotels for a total of JPY 34.6 billion ($240 million), as the Tokyo-listed REIT makes strides towards its goal of amassing JPY 300 billion in assets by 2026.

The assets… Read More>>

Steve-Kim-LaSalle-IM-e1650441793976

LaSalle Buys Seoul Mega Sheds for $450M as Korean Deals Stay Hot

2024/08/19 by Christopher Caillavet Leave a Comment

LaSalle Investment Management has acquired a pair of logistics facilities in Greater Seoul for a total of $450 million, as the US firm continues to chalk up deals in South Korea.

The two large, dry-only sheds are located next to… Read More>>

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MTD TV

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