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SGX-Listed REIT Selling Underperforming Spanish Asset and More Asia Real Estate Headlines

2023/12/22 by Ponrath Sopannarath Leave a Comment

The dismal outlook for an office property in sunny Barcelona leads today’s roundup of headlines from around Asia Pacific, with Singapore’s IREIT Global selling an office asset in the Spanish city. Also in the news, a 1970s Singapore housing project… Read More>>

The dismal outlook for an office property in sunny Barcelona leads today’s roundup of headlines from around Asia … Read more>>>

Robert Ng of Sino Land

Sole Bidder Sino Land Wins Lantau Island Residential Site for $26M

Robert Ng of Sino Land

2023/12/21 by Christopher Caillavet Leave a Comment

Hong Kong’s Lands Department on Wednesday awarded a residential development site on Lantau Island to Sino Land for HK$203.9 million ($26.1 million), defying expectations that the tender might be withdrawn.

The builder controlled by tycoon Robert Ng was the sole… Read More>>

Hong Kong’s Lands Department on Wednesday awarded a residential development site on Lantau Island to Sino Land for … Read more>>>

Yup Kim TMRS

Texas Municipal Pension Fund Hires Away CalPERS’s Yup Kim to Be New CIO

Yup Kim TMRS

2023/12/21 by Christopher Caillavet Leave a Comment

A Texas retirement fund for city employees has given its top investment job to Yup Kim, who is leaving his role as head of private equity investments at CalPERS, America’s biggest state pension fund.

Kim is set to join the… Read More>>

A Texas retirement fund for city employees has given its top investment job to Yup Kim, who is leaving his role as head … Read more>>>

Lance Li ESR

BW and ESR Break Ground on Industrial Facility in Haiphong, Vietnam

Lance Li ESR

2023/12/21 by Kevin He Leave a Comment

Vietnamese developer BW Industrial has broken ground on its 10th project this year, and its third development joint venture with industrial giant ESR, with the two companies joining forces to build a new facility in Haiphong.

Together with its Hong… Read More>>

Vietnamese developer BW Industrial has broken ground on its 10th project this year, and its third development joint … Read more>>>

William Tay Capitaland

Singapore’s CapitaLand Ascendas REIT Sells Trio of Aussie Sheds to AsheMorgan for $49M

William Tay Capitaland

2023/12/21 by Beatrice Laforga Leave a Comment

CapitaLand Ascendas REIT (CLAR) is in the process of selling a set of three suburban logistics assets in Brisbane to Sydney-based investment house AsheMorgan for a total of A$73 million ($49.3 million).

The REIT’s manager on Wednesday entered into a… Read More>>

CapitaLand Ascendas REIT (CLAR) is in the process of selling a set of three suburban logistics assets in Brisbane to … Read more>>>

Josh Olsan UI

Unified industrial Breaks Ground on Second Phase of Greater Osaka Logistics Project

Josh Olsan UI

2023/12/21 by Poonyapat Luenam Leave a Comment

Tokyo-based developer Unified Industrial has started construction on the second phase of a warehouse project in Shiga prefecture northeast of Osaka, aiming to support the e-commerce sector with the site’s connectivity to Greater Nagoya and Kyoto.

The developer backed… Read More>>

Tokyo-based developer Unified Industrial has started construction on the second phase of a warehouse project in Shiga … Read more>>>

samty-CEO-takahashi

Japan’s Samty Residential Grows Apartment Portfolio With Pair of Deals

samty-CEO-takahashi

2023/12/21 by Poonyapat Luenam Leave a Comment

Japan’s rental residential market continues to be a hub of investment activity in Asia with a Tokyo-listed REIT announcing a pair of apartment investments this week.

Samty Residential Investment Corporation informed the TSE on Wednesday that it has purchased four… Read More>>

Japan’s rental residential market continues to be a hub of investment activity in Asia with a Tokyo-listed REIT … Read more>>>

China Aoyuan Group, Guo Zi Wen(1)

China Aoyuan Files for Bankruptcy in US Court and More Asia Real Estate Headlines

China Aoyuan Group, Guo Zi Wen(1)

2023/12/21 by Ponrath Sopannarath Leave a Comment

Mainland developer China Aoyuan has filed for Chapter 15 bankruptcy protection in New York, with that story leading Mingtiandi’s roundup of headlines from around the region. Also in the news, a Singapore residential redevelopment site sells for below its guide… Read More>>

Mainland developer China Aoyuan has filed for Chapter 15 bankruptcy protection in New York, with that story leading … Read more>>>

John Saunders Link REIT

Link REIT Hires Former BlackRock Real Estate Chief John Saunders as Group CIO

John Saunders Link REIT

2023/12/20 by Michael Cole Leave a Comment

Asia’s largest real estate investment trust has replenished its investment leadership with Hong Kong-listed Link REIT announcing today that it has hired former BlackRock Asia Pacific real estate boss John Saunders as group chief investment officer — a newly created… Read More>>

Asia’s largest real estate investment trust has replenished its investment leadership with Hong Kong-listed Link REIT … Read more>>>

Embassy Office Parks REIT chief executive Aravind Maiya

Blackstone Sells Remaining Stake in India’s Embassy Office Parks REIT for $853.5M

Embassy Office Parks REIT chief executive Aravind Maiya

2023/12/20 by Christopher Caillavet Leave a Comment

Blackstone on Wednesday sold its remaining stake in India’s pioneering Embassy Office Parks REIT for around INR 71 billion ($853.5 million) via block sales on Indian stock exchanges, according to local media reports.

Affiliates of Blackstone exited the listed trust… Read More>>

Blackstone on Wednesday sold its remaining stake in India’s pioneering Embassy Office Parks REIT for around INR 71 … Read more>>>

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