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GIC chief executive Lim Chow Kiat

GIC JV With British Land Selling Half-Stake in London Office Project to Abu Dhabi’s Modon

GIC chief executive Lim Chow Kiat

2025/01/27 by Christopher Caillavet Leave a Comment

Singapore’s GIC and joint venture partner British Land are selling a 50 percent stake in an office project at their Broadgate campus in London’s central business district to Abu Dhabi developer Modon Holding for an undisclosed price.

The $801 billion… Read More>>

Singapore’s GIC and joint venture partner British Land are selling a 50 percent stake in an office project at their … Read more>>>

Serena Teo Capitaland

Capitaland Ascott Trust 2H 2024 Payout Falls 7% Despite Revenue Uptick

Serena Teo Capitaland

2025/01/27 by Bianca Cuaresma Leave a Comment

CapitaLand Ascott Trust’s (CLAS) unitholders earned 7 percent less from their securities in the second half of 2024, as foreign exchange losses and higher interest rates weighed on returns, despite higher revenue.

The Singapore-listed hospitality trust’s distribution per stapled security… Read More>>

CapitaLand Ascott Trust’s (CLAS) unitholders earned 7 percent less from their securities in the second half of 2024, as … Read more>>>

Reliance Industries' Mukesh Ambani

Ambani Said Planning 3GW India Data Centre and More Asia Real Estate Headlines

Reliance Industries' Mukesh Ambani

2025/01/27 by Michael Cole Leave a Comment

Billionaire tycoon Mukesh Ambani bids to build the world’s biggest data centre in India, with that story leading today’s headline roundup. Also in the news, a Hong Kong residential site attracts big-name developers and Japan’s central bank hikes rates to… Read More>>

Billionaire tycoon Mukesh Ambani bids to build the world’s biggest data centre in India, with that story leading today’s … Read more>>>

Julius Lau Lai Sun

Asia Real Estate People in the News 2025-01-27

Julius Lau Lai Sun

2025/01/26 by Michael Cole Leave a Comment

Major changes at Hong Kong-listed companies lead this week’s review of personnel moves around Asia, with a local builder seeing off its long-time CEO and industrial specialist ESR bidding farewell to the former boss of ARA Asset Management.

Read More>>

Major changes at Hong Kong-listed companies lead this week’s review of personnel moves around Asia, with a local builder … Read more>>>

Jiangsu Friend Phase III

ESR Completes $290M China REIT IPO as Shanghai-Listed Units Begin Trading

Jiangsu Friend Phase III

2025/01/25 by Christopher Caillavet Leave a Comment

More than two years after unveiling plans for a mainland-listed China logistics REIT, ESR announced the successful Shanghai IPO of the three-asset trust on Friday with the group having raised more than RMB 2.1 billion ($290 million) from the initial… Read More>>

More than two years after unveiling plans for a mainland-listed China logistics REIT, ESR announced the successful … Read more>>>

Anshul Jain of C&W

Cushman & Wakefield, Nuvama Hit $200M First Close of India Office Fund

Anshul Jain of C&W

2025/01/25 by Christopher Caillavet Leave a Comment

A joint venture of Cushman & Wakefield and Mumbai-based Nuvama Asset Management has reached a INR 17 billion ($200 million) first closing for a private fund investing in prime office properties across India’s high-growth markets.

NCW, which the two companies… Read More>>

A joint venture of Cushman & Wakefield and Mumbai-based Nuvama Asset Management has reached a INR 17 billion ($200 … Read more>>>

URA Chairman Peter Ho Hak Ean

Singapore Office Rents Decline In Q4, Modest 2025 Growth Predicted

URA Chairman Peter Ho Hak Ean

2025/01/25 by Bianca Cuaresma Leave a Comment

Office rents in Singapore’s central region dipped further in the last three months of 2024, as landlords prioritised maintaining occupancy amid market uncertainty.

According to data released on Friday by the Urban Redevelopment Authority (URA) , office rents in Singapore’s… Read More>>

Office rents in Singapore's central region dipped further in the last three months of 2024, as landlords prioritised … Read more>>>

GIC chief executive Lim Chow Kiat

GIC Said in Talks to Buy Stake in Vanke Logistics Unit and More Asia Real Estate Headlines

GIC chief executive Lim Chow Kiat

2025/01/24 by Michael Cole Leave a Comment

Troubled builder China Vanke is reportedly in talks to sell a controlling stake in VX Logistics to Singapore sovereign giant GIC, with that story leading today’s headline roundup. Also making the list, Keppel DC REIT posts a jump in distributions… Read More>>

Troubled builder China Vanke is reportedly in talks to sell a controlling stake in VX Logistics to Singapore sovereign … Read more>>>

GCI president and CEO Scott Peterson

Goldman Sachs’ GCI Enters Asia in Japan Data Centre JV with Asia Pacific Land

GCI president and CEO Scott Peterson

2025/01/23 by Bianca Cuaresma Leave a Comment

US banking giant Goldman Sachs is lined up for its first data centre project in Asia after announcing a joint venture this week for a 120MW facility in Japan’s Fukuoka prefecture.

The investment bank’s Global Compute Infrastructure (GCI) division said… Read More>>

US banking giant Goldman Sachs is lined up for its first data centre project in Asia after announcing a joint venture … Read more>>>

Sophie Van Oosterom

CPPIB Teams With Mangrove Operator MGRV on $350M Korean Rental Housing JV

Sophie Van Oosterom

2025/01/23 by Christopher Caillavet Leave a Comment

The Canada Pension Plan Investment Board and Seoul-based apartment specialist MGRV have launched a KRW 500 billion ($350 million) joint venture to develop rental housing projects in South Korea.

For its first direct investment in the Korean residential sector, the… Read More>>

The Canada Pension Plan Investment Board and Seoul-based apartment specialist MGRV have launched a KRW 500 billion ($350 … Read more>>>

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