Asia real estate and outbound investment news
Singapore’s GIC has made its third major real estate investment this month, as the sovereign wealth fund doubles down on a four-year-old bet on student housing in the UK.
Unite Students, Britain’s largest provider of purpose-built student accommodation, said Friday… Read More>>
Singapore-listed Ascott Residence Trust has returned to the US for a second helping of Southern hospitality, joining forces with sister firm The Ascott Ltd to invest in and develop a Columbia, South Carolina student housing project for an expected $109.9… Read More>>
Hong Kong-based Far East Consortium, a frequent buyer of UK real estate, has turned seller with its latest deal by agreeing to offload a City of London hotel for £115 million ($160.4 million).
FEC expects to record a gain of… Read More>>
Singapore-listed Mapletree North Asia Commercial Trust has agreed to buy a Tokyo office building fully occupied by Hewlett-Packard Japan for JPY 38.8 billion ($350 million).
MNACT will acquire an effective interest of 98.47 percent in the nine-storey office block in… Read More>>
Singapore’s sovereign wealth fund has become one of the biggest foreign investors in Australia, thanks to acquisitions of offices, warehouses and other assets, and now it plans to set up a permanent presence in the country as it looks for… Read More>>
Singapore’s Mapletree Industrial Trust is set to add to its collection of US data centres after entering an agreement to acquire 29 facilities across 18 states for $1.3 billion.
The assets represent the entirety of the data centre portfolio of… Read More>>
Hong Kong’s Baring Private Equity Asia (BPEA) has teamed up with a Singapore-listed developer to back an A$206 million ($159.5 million) consolidation of a commercial building in central Melbourne.
BPEA, together with Matthew Ong’s SLB Development and local partner Futuro… Read More>>
A legal tussle between China Vanke and its partner in a Manhattan real estate project took a dramatic turn this week as their creditor, Chinese banking giant ICBC, moved to foreclose on the joint venture’s midtown high-rise.
ICBC on Tuesday… Read More>>
Sinar Mas Land has become the latest Asian investor to make waves in the London real estate market, with the Singapore-listed developer countering a wave of inbound investment with the sale of a freehold office block in Soho.
The company… Read More>>
Singapore’s Mercatus Co-operative will head Down Under to make its first acquisition outside the city-state, joining forces with Dexus, Australia’s biggest office landlord, to buy a 33.3 percent stake in a well-known Sydney commercial tower for A$375 million ($288.1 million).
