Mingtiandi

Asia real estate and outbound investment news

  • Facebook
  • LinkedIn
  • RSS
  • Twitter
Sign Up / Login Logout

Lost your password?
Register
Forgotten Password
Cancel

Register For This Site

A password will be e-mailed to you.

  • Capital Markets
  • Events
    • 2021 Mingtiandi Event Calendar
    • Join the Mingtiandi Asia Value-Add Forum 2021
    • Join the Mingtiandi Multi-Family Investment Forum 2021
    • Join the Mingtiandi Logistics Real Estate Forum 2021
    • Join the Mingtiandi Sustainable Real Estate Forum 2021
    • Join the Mingtiandi Data Centre Forum 2021
    • Join the Mingtiandi Office Strategies Forum 2021
    • Join the Mingtiandi Proptech Forum in November
    • More Events
  • MTD TV
  • People
  • Logistics
  • Asia Outbound
  • Retail
  • Design & Construction
  • Research & Policy
  • Advertise

AA REIT Completes $94M Singapore Industrial Buy and More Asia Real Estate Headlines

2020/10/12 by Shiunne Bulsombut Leave a Comment

Kintetsu, 7 Bulim Street

Warehouses lead Mingtiandi’s first headline roundup of the week with a Singapore-listed REIT closing on its purchase an industrial asset in the city’s Jurong area after agreeing to buy the property during August.

Also, in the news is a new project launch in the Shatin area of Hong Kong’s New Territories, where New World Development had surprised the market with some deep discounts, and a Swiss activist investor continues to give ESR headaches over a planned merger of Singapore’s Sabana REIT.

AIMS APAC REIT Completes S$129.6M Purchase of Jurong Warehouse

AIMS APAC REIT has completed the acquisition of a four-storey warehouse in western Singapore’s Jurong district for S$129.6 million ($94.4 million), according to an announcement by the SGX-listed trust’s manager

Following completion of the acquisition of 7 Bulim Street, AA REIT now owns 28 industrial assets, comprising 26 properties in Singapore and one in Gold Coast, Queensland, Australia. Read more>>

New World Launches Hong Kong Mega-Project at Discount 

Hong Kong property company New World Development will offer the first batch of its The Pavilia Farm project in Sha Tin at lower-than-expected prices, as the city’s third coronavirus wave and its worst recession in decades weigh on the property market.

The first batch of 180 units measuring 322 sq ft to 835 sq ft will be offered at prices ranging from HK$16,618 (US$2,144) to HK$23,877 per square foot, or HK$6.3 million to HK$19.9 million, each. These flats will be completed in June 2022. Their prices represent a 16 per cent discount when compared with the first batch of flats at The Garrison, a development three minutes’ walk away launched by developer Far East Consortium International in July 2018. The Garrison was completed in March, 2019. Read more>> 

How a Swiss Activist Crashed ESR’s S-REIT Party

There’s a glitzy side of Singapore property: the cavernous shopping malls; the tall office buildings; the pricey condominiums; the luxury hotels; and the hospitals where rich Indonesians and Bangladeshis seek treatment and five-star customer service.

But there’s also a vibrant market at the non-sexy end of the spectrum: the warehouses, the factory sheds and, increasingly, the data centers. Their owners are industrial real estate investment trusts, which collect rent and pass it on to unitholders. It’s something that appeals to an aging population that values the certainty of dividends more than the headiness of growth. Read more>>

ESR Boss Gibson Invests £5M in Rangers’ New Share Issue

Scottish businessman Stuart Gibson has become the fourth largest shareholder at Rangers after investing £5 million into the club.

The Japan-based property tycoon made his move as part of a new share issue which, according to papers lodged at Companies House, raised in the region of £8.5m for the Ibrox outfit. Read more>> 

Data Centre Forum

What’s Next for Singapore’s Golden Mile Complex?

Much has been discussed about Golden Mile Complex at Beach Road. Some laud it for its architectural and historical significance and call for it to be conserved while others consider it an eyesore and feel that it should be demolished.

On Oct 9, the Urban Redevelopment Authority (URA) announced that Golden Mile Complex will be proposed for conservation in view of its historical and architectural significance. Read more>>

Warehouse Owners Among Biggest Gainers in ASEAN E-Commerce

Warehouse landlords are expected to be the biggest gainers as growing Sino-US tensions fuel a strategic shift in manufacturing and logistics value chains to South-east Asia and more companies adopt a “China + 1” strategy.

On Monday, a DBS Group Research report named Mapletree Logistics Trust (MLT), Westports, ESR Cayman, Thailand’s industrial estate developer Amata, as well as Thailand’s logistics Reits (real estate investment trusts), Hemaraj Reit and WHA Premium Reit, as “gems” to buy within the Asean logistics industry. Read more>>

Ikea S’pore to Hire 200 People for Jurong Store

Ikea Singapore will hire 200 people for its new Jurong store at suburban mall Jem despite a fall in revenue in its last financial year, the firm announced yesterday.

The store – the third Ikea outlet here – is slated to open next year and will span around 6,500 sq m across three floors. Read more>>

Office Investment

Tune in again soon for more real estate news and be sure to follow @Mingtiandi on Twitter, or bookmark Mingtiandi’s LinkedIn page for headlines as they happen.

Related Stories

  • Amazon Loses Battle With India Retail Partner and More Asia Real Estate HeadlinesAmazon Loses Battle With India Retail Partner and More Asia Real Estate Headlines
  • ESR Unveils Plans for Drone Logistics Initiative at Greater Tokyo ProjectESR Unveils Plans for Drone Logistics Initiative at Greater Tokyo Project
  • LA Hotel Seized from Jho Low Sold for $100M and More Asia Real Estate HeadlinesLA Hotel Seized from Jho Low Sold for $100M and More Asia Real Estate Headlines
  • ESR Co-founder Said Bailing Out Glasgow’s Rangers FC with £20M InvestmentESR Co-founder Said Bailing Out Glasgow’s Rangers FC with £20M Investment

Share this now

  • LinkedIn
  • Share
  • Tweet
  • Email

Filed Under: crelist Tagged With: AIMS APAC REIT, ESR, Golden Mile, IKEA, New World Development, Singapore, Stuart Gibson, Warehouse, weekly-sp

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Yardi Refurbish or Rebuild

Get Mingtiandi Delivered

Office Investment

MTD TV

MTD TV data centre panel

Blackstone, Actis Predict Continued Growth for APAC Data Centres on MTD TV

Gaw Kailong Cushman & Wakefield value add panel

China’s Value-Add Arena Set to Reward Investors With Local Presence: Watch on MTD TV

More MTD TV Videos

Latest Stories

Graeme Torre APG

APG Buys 20% Stake in Greater China Data Centre Operator OneAsia

APAC Data Centre Demand to Double Within 5 Years Says Knight Frank

crown sydney

Oaktree Lobs A$3B Bid for Packer’s Crown Stake and More Asia Real Estate Headlines

Sponsored Features

Tony Horrell

Colliers’ Global Investor Sentiment Report Anticipates Up to 50% Surge in Investment in 2021 Sponsored Feature

Andrew-Slevin-John-Foord (4)

Insurtech to Help Address Underinsurance Across Asian Real Estate Assets in 2021 Sponsored Feature

CK Lau

Asia Pacific Logistics Sector: Increasingly Varied Sector Requires Multiple Approaches Sponsored Feature

More Sponsored Features>>

MTD-QR-Code-320

Top Stories

Blackstone Selling $2.9B Aussie Logistics Portfolio to ESR-GIC PartnershipBlackstone Selling $2.9B Aussie Logistics Portfolio to ESR-GIC Partnership

Asia Real Estate People in the News 2021-04-17Asia Real Estate People in the News 2021-04-17

APG Buys 20% Stake in Greater China Data Centre Operator OneAsiaAPG Buys 20% Stake in Greater China Data Centre Operator OneAsia


Connect with Mingtiandi

  • Facebook
  • LinkedIn
  • RSS
  • Twitter

Real Estate News

  • Capital Markets
  • Events
    • 2021 Mingtiandi Event Calendar
    • Join the Mingtiandi Asia Value-Add Forum 2021
    • Join the Mingtiandi Multi-Family Investment Forum 2021
    • Join the Mingtiandi Logistics Real Estate Forum 2021
    • Join the Mingtiandi Sustainable Real Estate Forum 2021
    • Join the Mingtiandi Data Centre Forum 2021
    • Join the Mingtiandi Office Strategies Forum 2021
    • Join the Mingtiandi Proptech Forum in November
    • More Events
  • MTD TV
  • People
  • Logistics
  • Asia Outbound
  • Retail
  • Design & Construction
  • Research & Policy
  • Advertise

More Mingtiandi

  • About Mingtiandi
  • Contact Mingtiandi
  • Newsletter Subscription
  • Terms of Use
  • Privacy
  • Advertise
  • Join the Mingtiandi Team