In today’s roundup of regional news headlines, CapitaLand’s Ascott division buys a residential property in Tokyo, insurance giant AIA reportedly seeks to buy an office project under development in Shanghai, and billionaire Li Ka-shing dumps his stake in AMTD Group… Read More>>
Amazon Inks Deal for 11 Floors at IOI Central Boulevard in Singapore
Amazon has agreed to occupy around 369,000 square feet (34,281 square metres) of office space at the IOI Central Boulevard Towers skyscraper in Singapore’s downtown core, according to a broker active in the market.
The American e-commerce giant has reached… Read More>>
Korea’s Mirae Buys 8 Amazon Warehouses for $520M and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, South Korean investor Mirae acquires eight Amazon-leased US warehouses, the Thai billionaire who controls Singapore-listed Frasers Hospitality Trust reportedly plans to take the REIT private, and Chinese developer Sunac moves to delay an… Read More>>
Amazon Said Taking 350K Sq Ft at IOI Central Boulevard in Singapore
Amazon is reportedly nearing a deal to lease as much as 350,000 square feet (32,516 square metres) of office space at the under-construction IOI Central Boulevard Towers in downtown Singapore.
The e-commerce giant is said to be in advanced talks… Read More>>
Evergrande Founder to Miss Political Meeting and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Evergrande boss Xu Jiayin is tipped to be a no-show at China’s annual policy meeting as the embattled developer loses control of a Qingdao theme park, while Beijing plans to set up a… Read More>>
Amazon Wins Round in India Retail Battle with Future Group, Reliance
Delhi’s top court has rejected a plea from a retail unit of billionaire Kishore Biyani’s Future Group to quash Singapore arbitration proceedings filed by e-commerce giant Amazon, dashing the troubled Indian retailer’s hopes to overturn a case that… Read More>>
Asia Real Estate People in the News 2021-12-20
The struggles of China’s cash-starved development giants lead this week’s collection of personnel moves on Mingtiandi, with Shimao Group naming new directors to both its Hong Kong-listed flagship and its property management unit.
In India, KKR has… Read More>>
Amazon Opens in Singapore’s Asia Square as Tech Takes Over
Tech giant Amazon has moved into a new home spanning three floors of Singapore’s Asia Square One office tower, bringing a high tech hipster style to the city’s banker-dominated Marina Bay financial hub.
Occupying over 100,000 square feet (9,290 square… Read More>>
SHKP Ekes Out 1.7% Profit Increase and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Hong Kong developer Sun Hung Kai reports a modest profit increase for its fiscal 2020/21, Singapore’s Fragrance Group applies to delist from the SGX after a privatisation offer, and CBRE says data centre… Read More>>
Central Shanghai Office Rents Inch Upward After Two-Year Slide
After the Shanghai office market saw rents slide by an estimated 7 percent last year in the face of the COVID-19 pandemic and a glut of new buildings, leasing rates in the city’s core areas began inching upwards again in… Read More>>