In today’s review of real estate news from around the region, Tokyo Tatemono secures a $1 billion stake in a landmark Ginza-fringe redevelopment, Woolworths offloads a 10-property supermarket portfolio to a Taiwanese family group, and Temasek-backed Manipal Hospitals takes its… Read More>>
Aravest, Korea’s NH Investment & Securities Sell Seoul Square for $870M
Singapore’s Aravest and Korea’s NH Investment & Securities have sold the Seoul Square building in the capital’s central business district for KRW 1.28 trillion ($870 million).
The sale of the landmark office block directly opposite Seoul Station was announced Thursday… Read More>>
Wee Hur Joins Aravest in $123M Purchase of Singapore’s Hotel Miramar as Spree Continues
The latest commitment in a salvo of investments by Singapore’s Wee Hur Holdings was revealed on Monday when the company announced that it has invested in a fund managed by a unit of Sumitomo Mitsui Financing and Leasing which has… Read More>>
SMFL-Backed Aravest Buys Half-Stake in Brisbane Office Tower for Reported $131M
Aravest, a Singapore-based unit of Sumitomo Mitsui Finance and Leasing Co, has acquired a 50 percent interest in a 40-storey office tower in central Brisbane in a deal said to value the stake at more than A$200 million ($131 million).
ARA Veteran Moses Song Aims for More Value-Add Deals in JV with Japan’s Kenedix, SMFL
With ARA Asset Management’s private funds division soon to be carved out from ESR into an independent company, the head of the new venture aims to pursue a familiar playbook focused on value-add opportunities in office, retail and hospitality in… Read More>>
ESR Selling ARA Private Fund Business for $270M to Amp Up New Economy Focus
Two years after completing its buyout of ARA Asset Management, ESR is selling the Singapore-based company’s private fund management business as it hones its focus on assets linked to Asia Pacific’s fastest growing sectors.
The Hong Kong-listed real estate giant… Read More>>