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Richard van Den Berg

M&G Takes Majority Ownership of ESR Greater Tokyo Warehouse for $267M

Richard van Den Berg

2023/01/19 by Beatrice Laforga Leave a Comment

M&G Real Estate Asia has acquired an additional one-third interest in an ESR Greater Tokyo distribution centre for JPY 34 billion ($267 million), giving the Asian division of the British asset manager a majority stake in one of ESR’s largest… Read More>>

M&G Real Estate Asia has acquired an additional one-third interest in an ESR Greater Tokyo distribution centre for … Read more>>>

Jack Ma, Alibaba Founder

Alibaba-Backed Red Star Macalline Being Bought Out by Xiamen SOE

Jack Ma, Alibaba Founder

2023/01/19 by Greg Isaacson Leave a Comment

A Chinese state-controlled conglomerate has agreed to buy what could be a controlling stake in Red Star Macalline Group Corporation, an Alibaba-backed home improvement mall chain, as government firms continue to bail out China’s flailing private real estate sector.

Shanghai-listed… Read More>>

A Chinese state-controlled conglomerate has agreed to buy what could be a controlling stake in Red Star Macalline Group … Read more>>>

Robin Khuda AirTrunk

AirTrunk Enters Malaysia With 150MW Data Centre Project in Johor Bahru

Robin Khuda AirTrunk

2023/01/19 by Christopher Caillavet Leave a Comment

AirTrunk on Thursday announced the development of its first data centre in Malaysia, a hyperscale facility in Johor Bahru with more than 150 megawatts of planned capacity.

AirTrunk’s JHB1 campus will span 10.3 hectares (25.5 acres) at the southern tip… Read More>>

AirTrunk on Thursday announced the development of its first data centre in Malaysia, a hyperscale facility in Johor … Read more>>>

Nobuaki Seki, Aeon REIT

Japan’s Aeon REIT Buying Two Malls for $170M

Nobuaki Seki, Aeon REIT

2023/01/19 by Christopher Caillavet Leave a Comment

Tokyo-listed Aeon REIT has agreed to buy two shopping centres, including the largest mall in Japan’s Wakayama prefecture, for a total of JPY 21.3 billion ($170 million).

The JPY 477.8 billion trust sponsored by retail giant Aeon Co will pay… Read More>>

Tokyo-listed Aeon REIT has agreed to buy two shopping centres, including the largest mall in Japan’s Wakayama … Read more>>>

International Tech Park Bangalore

CapitaLand India Trust to Buy Bengaluru IT Park and More Asia Real Estate Headlines

International Tech Park Bangalore

2023/01/19 by Christopher Caillavet Leave a Comment

In today’s roundup of regional news headlines, Singapore-listed CapitaLand India Trust agrees to acquire a Bengaluru IT park at a future date, and data centre giant Global Switch reaches an impasse with its potential buyers.

CapitaLand India… Read More>>

In today’s roundup of regional news headlines, Singapore-listed CapitaLand India Trust agrees to acquire a Bengaluru IT … Read more>>>

Dalian Wanda chairman Wang Jianlin

Wanda’s Wang Jianlin Pledges 65% Stake in Hotel Unit to Secure Temasek Loan

Dalian Wanda chairman Wang Jianlin

2023/01/18 by Christopher Caillavet Leave a Comment

Dalian Wanda Group’s billionaire chairman, Wang Jianlin, has pledged his entire 65 percent stake in the Chinese conglomerate’s hotel division as collateral to secure a loan for another Wanda subsidiary from Singaporean state holding firm Temasek.

Companies controlled by Temasek… Read More>>

Dalian Wanda Group’s billionaire chairman, Wang Jianlin, has pledged his entire 65 percent stake in the Chinese … Read more>>>

Southpoint Tanjong Pagar

Office Units in Singapore’s Tanjong Pagar Sell for $25M in Record-Breaking Deal

Southpoint Tanjong Pagar

2023/01/18 by Christopher Caillavet Leave a Comment

A mere month after an Orchard Road commercial building set a new city-wide mark, an office tower in downtown Singapore has recorded its highest-ever price paid per square foot after a set of strata units in the building sold for… Read More>>

A mere month after an Orchard Road commercial building set a new city-wide mark, an office tower in downtown Singapore … Read more>>>

wolfgang-egger patrizia

Patrizia-Mitsui JV Hits $110M First Closing for APAC Infrastructure Fund on Way to $1B Target

wolfgang-egger patrizia

2023/01/18 by Beatrice Laforga Leave a Comment

Japanese conglomerate Mitsui & Co and German asset manager Patrizia have reached $110 million in equity for the first closing of their Asia Pacific infrastructure fund with a goal of raising as much as $1 billion to invest in sustainable… Read More>>

Japanese conglomerate Mitsui & Co and German asset manager Patrizia have reached $110 million in equity for the … Read more>>>

Liu He Davos tb

Chinese Vice Premier Liu He Takes Aim at Real Estate Risks at Davos

Liu He Davos tb

2023/01/18 by Greg Isaacson Leave a Comment

China’s Vice Premier Liu He underscored the country’s recent backflip on property policy at the World Economic Forum on Tuesday, signalling that authorities will continue to bolster the real estate industry as indebted developers struggle to shore up their finances.

… Read More>>

China’s Vice Premier Liu He underscored the country’s recent backflip on property policy at the World Economic Forum on … Read more>>>

Jason Hui Shimao

Shimao Services Unit Replaces Auditor Again and More Asia Real Estate Headlines

Jason Hui Shimao

2023/01/18 by Christopher Caillavet Leave a Comment

In today’s roundup of regional news headlines, a tiff over fees prompts the exit of Shimao Services’ auditing firm, and analysts say sales of new homes in Hong Kong could soar this year as rate hikes ease and cross-border traffic… Read More>>

In today’s roundup of regional news headlines, a tiff over fees prompts the exit of Shimao Services’ auditing firm, and … Read more>>>

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