Asia Pacific real estate investment news and information
Grand Ming Group is seeking waivers from lenders after the Hong Kong developer breached financial covenants governing HK$4.8 billion ($610 million) in outstanding loans, in the latest distress signal for the city’s embattled builders.
The company led by chairman Chan… Read More>>
Singaporean sovereign fund GIC and South Korea’s Mirae Asset have sold a warehouse complex in Greater Seoul to DWS Asset Management, with market sources confirming the German investor’s purchase price of KRW 118.4 billion ($87 million).
The Gonjiam Logistics Center… Read More>>
Japan’s Nippon Telegraph and Telephone Corp on Monday filed a prospectus with Singapore’s central bank for NTT DC REIT, aiming to raise gross proceeds of $773 million from the initial public offering of the SGX-listed data centre trust.
The Lion… Read More>>
US fund manager Barings has acquired a majority stake in Brisbane-based self-storage platform Swift Storage for A$200 million ($130.2 million) as the asset class continues to draw institutional investors to Australia’s red-hot market.
The buy includes majority ownership of both… Read More>>
Rental apartment specialist Weave Living has put its first-ever Singapore location up for sale at a guide price of S$105 million ($82.4 million), as the Hong Kong-based platform looks to move up the value chain with help from capital partners… Read More>>
Goodman Group on Friday announced the creation of a $2.7 billion private investment vehicle focused on the Hong Kong data centre market, with the Australian industrial specialist signing up a roster of global institutional partners to back the initiative.
The… Read More>>
Singaporean hospitality group Furama has purchased a central Sydney hotel complex, with market sources on Thursday confirming a transaction price of A$68 million ($44.7 million).
Skye Suites Sydney opened in 2018 and comprises a 73-key serviced apartment offering within the… Read More>>
US builder Hines has formed a joint venture with Sumitomo Forestry and Chuo-Nittochi to develop a multi-family project in northern Virginia, as Japanese real estate groups continue to explore opportunities overseas.
The six-storey Potomac Shores will provide 365 rental apartment… Read More>>
A data centre fund managed by the sponsor of Stoneweg Europe Stapled Trust (SERT) has acquired a fifth asset after receiving a €50 million ($58 million) investment last month from the Singapore-listed REIT.
The fund, known as AiOnX (formerly IDC),… Read More>>
Mapletree Investments has sold a 30-asset portfolio of industrial properties to New Jersey-based fund manager Faropoint for $328 million, marking the Singaporean real estate player’s first major US warehouse disposal.
The portfolio comprises multi-tenant warehouse buildings in Florida, Georgia, New… Read More>>
