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Alok-Aggarwal Brookfield

Brookfield India REIT Net Property Income Surges 89% in Q4 on Record Leasing

Alok-Aggarwal Brookfield

2024/02/13 by Beatrice Laforga Leave a Comment

Brookfield India Real Estate Trust (BIRET) saw its net operating income for the fourth quarter jump by 89 percent from the same period a year earlier to reach INR 45.3 billion ($550 million) on record levels of new leasing.

BIRET… Read More>>

Brookfield India Real Estate Trust (BIRET) saw its net operating income for the fourth quarter jump by 89 percent from … Read more>>>

Hiroaki Hoshino Tokyu Group

Japan’s Tokyu Land to Sell Office Space in Shibuya Tower for $673M

Hiroaki Hoshino Tokyu Group

2024/02/13 by Poonyapat Luenam Leave a Comment

Developer Tokyu Land Corporation is selling a stake in a set of central Tokyo office floors for over JPY 100 billion ($673 million), as office rents in the Japanese capital continue to rise despite worries over an influx of new… Read More>>

Developer Tokyu Land Corporation is selling a stake in a set of central Tokyo office floors for over JPY 100 billion … Read more>>>

Mitsubishi Estate president and chief executive Atsushi Nakajima

Mitsubishi Estate Selling Stake in Tokyo Office Building to REIT for $132M

Mitsubishi Estate president and chief executive Atsushi Nakajima

2024/02/13 by Poonyapat Luenam Leave a Comment

Mitsubishi Estate is selling a stake in a Tokyo office building to a TSE-listed REIT sponsored by the Japanese property giant for JPY 19.8 billion ($132 million).

Japan Real Estate Investment Corporation informed the Tokyo bourse on Tuesday that it… Read More>>

Mitsubishi Estate is selling a stake in a Tokyo office building to a TSE-listed REIT sponsored by the Japanese property … Read more>>>

Mitsubishi Estate chairman Junichi Yoshida

Mitsubishi Estate Nine-Month Profit Drops 24.6% as Capital Gains Shrivel 

Mitsubishi Estate chairman Junichi Yoshida

2024/02/13 by Christopher Caillavet Leave a Comment

Mitsubishi Estate posted a 24.6 percent year-on-year decline in attributable profit to JPY 77.5 billion ($520 million) for the fiscal nine months to December as the absence of large capital gains ate into earnings.

Despite a 2.2 percent rise in… Read More>>

Mitsubishi Estate posted a 24.6 percent year-on-year decline in attributable profit to JPY 77.5 billion ($520 million) … Read more>>>

Keiichi Yoshii daiwa house president and ceo

Daiwa House Nine-Month Profit Soars 30% to $1.5B

Keiichi Yoshii daiwa house president and ceo

2024/02/13 by Christopher Caillavet Leave a Comment

Daiwa House Industry reported a net profit for the fiscal nine months to December of JPY 216.2 billion ($1.5 billion), up 30.1 percent year-on-year, as the Japanese developer’s net sales reached a record high.

The blowout earnings were due in… Read More>>

Daiwa House Industry reported a net profit for the fiscal nine months to December of JPY 216.2 billion ($1.5 billion), … Read more>>>

Goldman Predicts 2025 Hong Kong Housing Rebound and More Asia Real Estate Headlines

2024/02/13 by Ponrath Sopannarath Leave a Comment

Goldman Sachs expects Hong Kong’s residential property prices to recover in 2025 after hitting bottom this year, with that story leading today’s headline roundup. Also in the news, the UK’s Coller Capital leases a partial floor in The Henderson in… Read More>>

Goldman Sachs expects Hong Kong’s residential property prices to recover in 2025 after hitting bottom this year, with … Read more>>>

Dai-Ichi Life president and chief executive Toshiaki Sumino

Dai-Ichi Life Sells Japanese Apartments, Nursing Home to Private REIT for $150M

Dai-Ichi Life president and chief executive Toshiaki Sumino

2024/02/12 by Mingtiandi Team Leave a Comment

Japanese rental residential properties continue to be a preferred play among investors, with a private REIT sponsored by Japan’s third largest insurer this month purchasing 15 apartment buildings and a nursing home in Asia’s second largest economy for JPY 22.3… Read More>>

Japanese rental residential properties continue to be a preferred play among investors, with a private REIT sponsored by … Read more>>>

Alex Yeung of Emperor International Group

Villa on Hong Kong’s Shouson Hill Sells for $63.7M

Alex Yeung of Emperor International Group

2024/02/12 by Christopher Caillavet Leave a Comment

A luxury villa at the 15 Shouson development in Hong Kong Island’s Deep Water Bay has sold for HK$498.1 million ($63.7 million), breathing life into the ailing local housing market as the Year of the Dragon gets underway.

House 5… Read More>>

A luxury villa at the 15 Shouson development in Hong Kong Island’s Deep Water Bay has sold for HK$498.1 million ($63.7 … Read more>>>

Irene Lee Hysan

Hysan Previews $115M Loss as Investment Markdowns Continue

Irene Lee Hysan

2024/02/12 by Christopher Caillavet Leave a Comment

Hong Kong’s Hysan Development warned of a 2023 attributable loss on the order of HK$900 million ($115 million) in an update issued without fanfare on Chinese New Year’s Eve.

The expected loss marks a narrowing of the HK$1.16 billion shortfall… Read More>>

Hong Kong’s Hysan Development warned of a 2023 attributable loss on the order of HK$900 million ($115 million) in an … Read more>>>

Sunac Sun Hongbin

Sunac Exiting Stake in Sichuan Resort Project for $552M and More Asia Real Estate Headlines

Sunac Sun Hongbin

2024/02/12 by Ponrath Sopannarath Leave a Comment

Troubled mainland developer Sunac China did some spring cleaning just before the lunar new year holiday, with the company’s announcement of a $552 million Sichuan disposal leading Mingtiandi’s headline roundup today. Also in the news, KKR signs a deal to… Read More>>

Troubled mainland developer Sunac China did some spring cleaning just before the lunar new year holiday, with the … Read more>>>

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