KKR Said to Bid $610M for Nissan Tokyo HQ and More Asia Real Estate Headlines

A potential sale of a trophy Japanese office building leads today’s list of real estate headlines from around Asia, with KKR said to have placed the top offer for Nissan’s headquarters. Also in the news, investors are shopping for bargain shares in private Chinese funds as CDPQ and other institutions cut their mainland holdings and a mainland data centre operator falls to a second-quarter loss.

KKR Leads Bidding for Nissan Tokyo HQ With $610M Offer

KKR has emerged as the lead bidder to buy Nissan Motor’s global headquarters, according to people familiar with the matter, as the embattled carmaker sells off assets to shore up its finances.

KJR Management, a Japanese real estate unit of KKR, offered JPY 90 billion ($610 million) for the 22-storey office building, the highest bid among several submitted by investment firms, the people said, requesting not to be named discussing private information. Read more>>

China Fund Secondary Deals on the Rise as CDPQ Among Foreign Investors Exiting

Secondary trades of private equity assets in China are poised to accelerate after a robust first half, with Canada’s No.2 pension manager and a China-focused buyout fund among those looking to divest such assets worth potentially billions of dollars, sources said.

A secondary trade refers to the buying and selling of PE fund portfolios or their direct shareholdings in private companies, allowing investors to exit their positions outside the typical investment cycle. Read more>>

China Data Centre Operator Vnet Slumps to $1.7M Loss in Q2

Chinese data centre operator Vnet Group this week announced an attributable loss of RMB 11.9 million ($1.7 million) in the second quarter of 2025, compared with a net income of RMB 63.7 million in the same period of 2024, mainly due to higher interest and income tax expense.

Total net revenue in the second quarter was RMB 2.43 billion, representing a 22.1 percent rise from RMB 1.99 billion in the same period of 2024. The company attributed the increase in revenue primarily to the continued growth of its wholesale data centre business. Read more>>

Singapore’s Coliwoo to Launch Bukit Timah Co-Living Project in September

Coliwoo, a unit of Singapore-listed LHN, will launch a co-living residence with retail offerings at the former Bukit Timah Fire Station in September.

The company last year secured the tender for the property, which is near Hume MRT station and the Bukit Timah Nature Reserve. The co-living apartments will have flexible lease terms, with a minimum stay of six nights, Coliwoo said Thursday. Read more>>

Welspun One Adds Pair of South India Logistics Sites

Indian developer and fund manager Welspun One Logistics Parks has acquired a pair of Bengaluru sites near Kempegowda airport which could yield more than 6 million square feet (557,418 square metres) of warehouse space.

The sites in the Devanahalli area bring Welspun One’s land bank across Karnataka and Tamil Nadu states to over 260 acres (105 hectares), with the company expecting to invest $250 million in the projects. Read more>>

Steadier South Korea Housing Market Seen Allowing Central Bank to Cut Rates

South Korea’s property market showed signs of stabilising after the government undertook steps to cool demand, with a gradual moderation in price growth that could offer the central bank scope to ease policy at its meeting next week.

Seoul apartment prices gained 0.09 percent in the third week of August, a slightly slower pace than the 0.1 percent rise a week earlier, Korea Real Estate Board data showed Thursday. Even with the moderation, prices have extended their streak of positive weekly gains to 29 weeks, underscoring persistent demand despite tighter rules and intermittent slowdowns. Read more>>

Foreigners Now Need Permits to Buy Homes in Major Korean Cities

The South Korean government announced Thursday that all foreign buyers — individuals, companies and government entities — must obtain local government approval before purchasing property in Seoul, seven districts in Incheon and 23 cities and counties in Gyeonggi province.

The move, which takes effect next week, is aimed at curbing speculative real estate transactions and protecting market stability, the government said. Read more>>

Hong Kong Property Agency Predicts Home Price Rebound This Year

Hong Kong private home prices are expected to rebound 3 to 5 percent this year, driven by a projected lower interest rate, record rents and a reduction in supply, said Midland chairman Freddie Wong.

He expects first-half property transactions to hit a record of 19,000 this year and the number of second-hand deals to reach a four-year high of 45,000. Luxury homes are to benefit from the continuous inflow of funds, Wong said, while suggesting the government defer the payment of stamp duty until after the completion of the transaction. Read more>>

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