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KOREIT vice-chairman and CEO Yun-seong Choi (Image: KOREIT)

KOREIT Leads Acquisition of Its $310M Headquarters in Seoul’s Gangnam

KOREIT vice-chairman and CEO Yun-seong Choi (Image: KOREIT)

2024/12/14 by Christopher Caillavet Leave a Comment

Korea Real Estate Investment & Trust has acquired a stake in a Seoul office tower that serves as KOREIT’s headquarters in a transaction valuing the asset at KRW 445 billion ($310 million), according to market sources.

The deal is a… Read More>>

Korea Real Estate Investment & Trust has acquired a stake in a Seoul office tower that serves as KOREIT’s … Read more>>>

Citadel's Ken Griffin is betting on Asian data centres

SoftBank, Citadel’s Griffin Boost GDS International Equity Raise to $1.2B

Citadel's Ken Griffin is betting on Asian data centres

2024/12/14 by Christopher Caillavet Leave a Comment

The international unit of Shanghai-based data centre firm GDS Holdings has won the backing of Japan’s SoftBank and Citadel boss Ken Griffin for an upsized Series B round to raise $1.2 billion in equity.

The new commitments from the SoftBank… Read More>>

The international unit of Shanghai-based data centre firm GDS Holdings has won the backing of Japan’s SoftBank and … Read more>>>

Bernie Devine,

More Than a Third of Asia Real Estate Executives Have Deployed AI Systems

Bernie Devine,

2024/12/14 by Christopher Caillavet Leave a Comment

More than a third of Asia real estate executives are leveraging artificial intelligence, up sharply from year-ago levels, according to a report released this past week by Yardi, based on a Mingtiandi survey.

In the fifth in a series of… Read More>>

More than a third of Asia real estate executives are leveraging artificial intelligence, up sharply from year-ago … Read more>>>

PG&e campus in san francisco

Hines, NPS Resolve $500M Loan on San Fran Asset and More Asia Real Estate Headlines

PG&e campus in san francisco

2024/12/14 by Michael Cole Leave a Comment

The Hines-NPS joint venture behind a San Francisco mixed-use development reaches an agreement to pay off a recently matured loan, with that story leading today’s headline roundup. Also making the list, a mystery buyer picks up 26 Hong Kong homes… Read More>>

The Hines-NPS joint venture behind a San Francisco mixed-use development reaches an agreement to pay off a recently … Read more>>>

Daisuke Kitta Blackstone

Blackstone Buying Tokyo Commercial Complex From Seibu Holdings for $2.6B

Daisuke Kitta Blackstone

2024/12/13 by Christopher Caillavet Leave a Comment

US private equity titan Blackstone is set to buy a commercial complex in central Tokyo from Seibu Holdings for $2.6 billion, a sum that would mark the largest-ever real estate acquisition by a foreign investor in Japan.

Funds managed by… Read More>>

US private equity titan Blackstone is set to buy a commercial complex in central Tokyo from Seibu Holdings for $2.6 … Read more>>>

GIC chief executive Lim Chow Kiat

GIC JV Buying Two US Hotels for $96M

GIC chief executive Lim Chow Kiat

2024/12/12 by Christopher Caillavet Leave a Comment

A joint venture of Singapore sovereign giant GIC and a NYSE-listed REIT has agreed to acquire a pair of US hotels for $96 million.

The two-asset portfolio consists of the 250-key Hampton Inn Boston Logan Airport in the Massachusetts capital… Read More>>

A joint venture of Singapore sovereign giant GIC and a NYSE-listed REIT has agreed to acquire a pair of US hotels for … Read more>>>

Cyrus Adaggra, President, Equinix Asia-Pacific

Data Centre Titan Equinix Promotes Cyrus Adaggra to APAC President

Cyrus Adaggra, President, Equinix Asia-Pacific

2024/12/12 by Michael Cole Leave a Comment

Just over two months after seeing its top executive in the region head off to lead a global rival, digital infrastructure giant Equinix has named a new president for Asia Pacific.

Four-year company veteran Cyrus Adaggra has been appointed to… Read More>>

Just over two months after seeing its top executive in the region head off to lead a global rival, digital … Read more>>>

100 Mount Street in North Sydney

Hines Said Eyeing $385M North Sydney Office Tower and More Asia Real Estate Headlines

100 Mount Street in North Sydney

2024/12/12 by Michael Cole Leave a Comment

US developer and fund manager Hines leads today’s headline roundup with tentative plans to buy a North Sydney skyscraper. Also in the news, Hong Kong’s New World Development sells a Kowloon industrial tower and Singapore’s GIC seeks more bids for… Read More>>

US developer and fund manager Hines leads today’s headline roundup with tentative plans to buy a North Sydney … Read more>>>

Chang Rui Hua of ESR

ESR Seeks to Raise $290M From China REIT IPO

Chang Rui Hua of ESR

2024/12/11 by Christopher Caillavet Leave a Comment

Warehouse developer and fund manager ESR is seeking to raise RMB 2.1 billion ($290 million) from the initial public offering of the group’s inaugural mainland-listed industrial REIT.

The final offer price of ESR China REIT’s units is RMB 2.628 each,… Read More>>

Warehouse developer and fund manager ESR is seeking to raise RMB 2.1 billion ($290 million) from the initial public … Read more>>>

AIMS APAC REIT Selling Singapore Warehouse for $18M and More Asia Real Estate Headlines

2024/12/11 by Michael Cole Leave a Comment

An industrial REIT announces plans to sell a western Singapore shed, with that disposal leading today’s headline roundup. Also making the list, China Evergrande seeks a buyer for founder Xu Jiayin’s private jet and Fosun Tourism bids to take itself… Read More>>

An industrial REIT announces plans to sell a western Singapore shed, with that disposal leading today’s headline … Read more>>>

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