Warehouse properties in Vietnam have gained fresh appeal with investors across emerging markets in Asia, benefiting from an e-commerce boom and the ongoing diversification of global supply chains from China to other parts of Asia, industry experts said Tuesday… Read More>>
Ascott REIT to Sell Serviced Apartments in Guangzhou, Paris for S$191.4M
Ascott Residence Trust said Monday it has agreed to sell the Ascott Guangzhou and the Citadines Didot Montparnasse Paris serviced apartments for S$191.4 million ($138.8 million) as the Singapore-listed real estate investment trust seeks to monetize assets despite the COVID-19… Read More>>
Keppel Investing RMB 1.5B to Build First Mainland China Data Centre
Keppel Corp said late Thursday that its Alpha Data Centre Fund will invest RMB 1.5 billion ($213.7 million) to develop a greenfield data centre in Guangdong province, marking the Singapore-based conglomerate’s first foray into mainland China’s booming data centre industry.
M&C Hotels CEO Quits After Four Months as Pandemic Drags Firm Into the Red
The sudden departure of Millennium & Copthorne Hotels CEO Clarence Tan, after helming the hospitality arm of Singapore-based real estate giant City Developments Limited for just four months, puts the spotlight on the challenging environment for hoteliers amid the COVID-19… Read More>>
Fragrance Group Puts Singapore Office Tower Up for Sale at S$715M
Singapore-based property developer Fragrance Group has put its 29-storey office tower on the edge of Singapore’s downtown core for sale at an indicative price of S$715 million ($514.8 million), adding to signs commercial property deals are picking up in the… Read More>>
Troubled Shipping Firm Puts Singapore Office Building on the Block for S$350M
Financially-troubled Pacific International Lines, Singapore’s largest container shipping company, has put its office building near the city’s Raffles Place central business district on the market for an indicative price of S$350 million ($252 million), a source familiar with the transaction… Read More>>
APAC Real Estate Deals to Rebound After Slumping 32% Jan to June: JLL
Real estate investment volumes across Asia Pacific slumped 32 percent in the first half of 2020 compared to last year, falling to $60.4 billion as the full economic impact of the Covid-19 pandemic hit the region, property brokerage JLL said… Read More>>
Lippo’s OUE Sells Los Angeles Tower for $430M – 34% Below Book Value
OUE Limited, the Singapore-based property developer controlled by Indonesian conglomerate Lippo Group, said Friday that it has agreed to sell the iconic US Bank Tower in Los Angeles for $430 million.
The SGX-listed developer is selling the property to USBT… Read More>>
Frasers Sells Half of S$1.1B Mall to Thai Cousin at Mark-Up Amid Retail Slump
Despite slumping retail sales, a division of tycoon Charoen Sirivadhanabhakdi’s TCC Group has agreed to purchase a 50 percent stake in a suburban Singapore shopping centre from Frasers Property, the SGX-listed developer controlled by the Thai billionaire.
TCC Prosperity’s purchase… Read More>>
Investors Boost APAC Logistics Deals Amid E-Commerce Boom
Institutional investors are rapidly increasing their investments into logistics properties as the e-commerce boom bolsters demand for warehouse space across the region, industry experts said Tuesday in the second installment of Mingtiandi’s MTD TV online video series on Asia Pacific… Read More>>
