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
    • Mingtiandi 2022 Event Calendar
    • APAC Residential Forum 2022
    • Asia Logistics Forum 2022
    • Asia REIT Forum 2022
    • APAC Data Centre Forum 2022
    • Singapore Focus Forum 2022
    • Office Strategies Forum 2022
    • More Events
  • MTD TV
  • People
  • Logistics
  • Data Centres
  • Asia Outbound
  • Retail
  • Research & Policy
  • Advertise

Dexus Mulls Exit From Industrial Portfolio and More Asia Real Estate Headlines

2022/08/04 by Proud Channara Leave a Comment

Richard Sheppard, Chair of Dexus Funds Management Limited and Darren Steinberg, Chief Executive Officer of DexusIn today’s roundup of regional news headlines, Aussie developer Dexus contemplates a full exit from an industrial portfolio it put up for partial sale in June, Hong Kong’s Wharf REIC swings to a loss as COVID hits consumption, and office rents surge in Singapore’s City Hall area.

Dexus Weighs $557M Industrial Sale as Bidders Chase Full Control

Australian property heavyweight Dexus is considering a move to completely sell out of the A$800 million ($557.2 million) industrial property portfolio it put on the block in June.

The company went to market seeking a capital partner for a 75 percent stake in the prize portfolio, but bidders have expressed interest in taking full control of the properties. Read more>>

Wharf REIC Swings to H1 Loss on COVID Impact

Wharf Real Estate Investment Co swung to a loss in the first half, as revenue declined amid the impact of a COVID-19 outbreak in Hong Kong that weighed on consumption.

The real estate company, which engages in retail, office and hotel operations, said the net loss was HK$1.47 billion ($187.3 million) for the first six months, compared with a HK$2.97 billion net profit in the year-earlier period. Read more>>

Prime US REIT H1 DPU Rises 5.7% on Higher Income

Prime US REIT reported a 5.7 percent year-on-year increase in distribution per unit for the first half of 2022 on the back of higher gross revenue and net property income.

DPU for the first half rose to $0.0352 from $0.0333 in the corresponding year-ago period. The higher DPU translates to an annualised distribution yield of 10.5 percent, based on the closing price of $0.675 as of 30 June, the trust’s manager said. Read more>>

Singapore’s City Hall Office Rents Up 1.3% in Q2

Office rents in the City Hall area rose 1.3 percent on a quarterly basis in the April-June period to S$9.82 (now $7.12) per square foot, making it the second highest in rent among Grade A central business district micro-markets, trailing only Marina Bay, Savills said Wednesday.

Average monthly Grade A CBD rents improved by 0.4 percent from the previous quarter to S$9.47 per square foot. Read more>>

Evergrande, Sunac, China Resources Exit Fortune Global 500

China Baowu Steel Group, the world’s largest steelmaker, has made the top 50 of the Fortune Global 500 for the first time, while debt-laden developer China Evergrande and rivals Sunac China and China Resources dropped out of this year’s rankings.

Having expanded through mergers and acquisitions, Baowu ranked 44th in the world with revenue of $150.7 billion, up 28 places from last year. Read more>>

APAC Real Estate Investment Down 17% in H1: JLL

Investment in Asia Pacific commercial real estate fell 17 percent year-on-year in the first half of 2022 on a moderation of deal activity in several of the region’s major economies, JLL said.

“Investment volumes in the first half declined moderately from the high base set in 2021 as external factors emerged, resulting in investors adjusting capital deployment strategies to align with a more aggressive rate tightening cycle,” said Stuart Crow, JLL’s CEO of APAC capital markets. Read more>>

Expats Back From Hong Kong Make Record Bid on Sydney-Area Home

Wahroonga has a new suburb record of A$13.03 million ($9.1 million) after expats returning from Hong Kong bid more than A$2 million over the reserve at auction to secure a grand statement home with a tennis court and a pool.

The house at 27 Braeside Street in the suburb north of Sydney sold in just 24 days, with eight bidders competing for the six-bedroom home. Read more>>

India’s Macrotech Developers Slips 8% After Block Share Deals

Shares of Macrotech Developers slipped 8 percent to INR 1,010 ($12.69) on the BSE in Thursday’s intra-day trade after nearly 2 percent of the total equity of the Indian developer changed hands on the BSE and the NSE via block deals.

At 09.16am, 3.2 million equity shares representing 0.74 percent of the total equity of Macrotech Developers had changed hands via block deal on the BSE. Up to 10.11am, 6.2 million shares or 1.33 percent of total equity had changed hands on the NSE. The names of the buyers and sellers were not ascertained immediately. Read more>>

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.

Share this now

  • LinkedIn
  • Share
  • Tweet
  • Email

Filed Under: crelist Tagged With: China Evergrande Group, Dexus Property Group, JLL, macrotech developers, office, Prime US REIT, Sunac China Holdings

https://player.vimeo.com/video/658908143?h=a78a28dee7

Leave a Reply

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

Get Mingtiandi Delivered

MTD TV

japan btr3
Investors Diversify Japan Multi-Family Acquisitions in Search of Yield: MTD TV
Allianz, SC Capital, BW and JLL Talk Asia’s New Logistics Real Estate Reality: MTD TV

More MTD TV Videos>>

People in the News

daigo Hirai BlackRock
Asia Real Estate People in the News 2022-08-08
Bryan Southergill
Ares Hires Bryan Southergill to Run Asia Real Estate Business
Wu Bingqi CR Land
Asia Real Estate People in the News 2022-08-01
Jennifer Weitzel GLP
Asia Real Estate People in the News 2022-07-25

More Industry Professionals>>

People in the News

Asia Real Estate People in the News 2022-08-08

daigo Hirai BlackRock

BlackRock’s appointment of a new head of Japan real estate leads this week’s roundup of personnel moves from around the … Read More>>

Ares Hires Bryan Southergill to Run Asia Real Estate Business

Bryan Southergill

After more than eight years leading real estate investments for KKR in Asia, Bryan Southergill has taken on a new role … Read More>>

Asia Real Estate People in the News 2022-08-01

Wu Bingqi CR Land

Leadership changes at mainland real estate firms lead this week’s collection of personnel moves from around the region, … Read More>>

Asia Real Estate People in the News 2022-07-25

Jennifer Weitzel GLP

A pair of senior level hires in the data centre sector lead this week’s collection of personnel moves from around the … Read More>>

More Industry Professionals>>

Latest Stories

Li Sze-lim R&F
Guangzhou R&F 2021 Net Loss Doubles to $2.4B After Write-Down
kei hoi pang Logan
Logan Halts Payments on Offshore Bonds, Appoints Advisors for ‘Holistic’ Restructuring
stars of kovan - fortune reit, ck asset
Fortune REIT to Buy CK Asset Singapore Project and More Asia Real Estate Headlines

Sponsored Features

For Hong Kong’s Office Market, Border Reopening Holds Key to Unlocking Demand
Top 3 Trends Driving a Connected Experience in Commercial Real Estate
Malaysia Industrial Park Offers Opportunities to Heavy Industry Enterprises

More Sponsored Features>>

MTD-QR-Code-320

Connect with Mingtiandi

  • Facebook
  • LinkedIn
  • RSS
  • Twitter

Real Estate News

  • Capital Markets
  • 2022 Event Calendar
  • MTD TV Archives
  • People
  • Logistics
  • Data Centres
  • Asia Outbound
  • Retail

More Mingtiandi

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


© 2007-2022 China Advertising Media Ltd (Samoa). All rights reserved.