Singapore-based Sun Venture is aiming for a record price for a set of strata floors in the city’s urban core as investor demand returns to the financial hub.
The investment manager has put up for sale floors nine and 10… Read More>>
Singapore’s GIC, Charter Hall Investing A$682M for Aussie Convenience Store Stake
Singapore’s sovereign wealth fund has partnered with Australian property group Charter Hall to buy a 49 percent stake in a portfolio of convenience stores operated by Ampol, Australia’s biggest oil refiner, for A$682 million ($488.9 million).
Ampol, formerly Caltex Australia,… Read More>>
CDL Steps Up SG Redevelopment Projects as Profit Falls 99%
Real estate giant City Developments Ltd (CDL) is stepping up plans to redevelop its older commercial buildings in Singapore’s central business district after the COVID-19 pandemic dragged the group’s net profit in the first six months of the year.
CDL… Read More>>
AIMS APAC REIT to Buy Warehouse in Singapore’s Jurong for S$129.6M
SGX-listed AIMS APAC REIT (AA REIT) has agreed to buy a four-storey warehouse in western Singapore’s Jurong district for S$129.6 million ($94.4 million), notching the city’s biggest industrial deal thus far in 2020 as investors compete for logistics investment opportunities.
Singapore Office Building Selling for S$500M, 34% Over Valuation
Tuan Sing Holdings has agreed to sell the Robinson Point office building near Singapore’s Raffles Place central business district for S$500 million ($364.2 million), or 34 percent over the property’s book value, notching an above market deal after real estate… Read More>>
China Resources-Led Group Buying Hong Kong Supermarket Chain for $300M
China Resources Capital Management, the alternative investments arm of China’s state-owned conglomerate China Resources Holdings, said Thursday it and partner Asia Food Growth Fund have signed an agreement to buy a 65 percent stake in Hong Kong-based high-end supermarket chain… Read More>>
ESR Buys Chennai Industrial Site for INR 3.32B Project
ESR, which has $22 billion of assets under management across the Asia Pacific, is expanding its India operation with the acquisition of an industrial site in Chennai, one of the fastest-growing technology hubs in the country.
The Hong Kong-based logistics… Read More>>
Yanlord, GIC Launch RMB 7B China Residential JV as Market Rebounds
SGX-listed Yanlord Land Group Limited said Tuesday it has partnered with Singapore’s sovereign wealth fund GIC to jointly develop integrated commercial and residential property projects in high-growth cities across China amid signs the mainland residential market is gradually recovering from… Read More>>
Mandarin Oriental Hotels Reports $435.5M Loss for 2020 1H
The Mandarin Oriental Hotel Group said late last week that its net loss in the first half of 2020 widened to $435.5 million from $7.1 million over the same period one year ago, as the COVID-19 pandemic shuttered its hotels… Read More>>
Cromwell, IGIS to Buy Italian Logistics Assets From DHL for €52.5M
ASX-listed Cromwell Property Group said Wednesday it has tied up with South Korean real estate investor IGIS Asset Management to buy a set of Italian logistics assets from express giant DHL for €52.5 million ($61.6 million).
The DHL portfolio comprises… Read More>>