Leading today’s roundup of regional news headlines, Singapore’s biggest business space REIT is raising cash to buy a pair of San Francisco office assets for $560 million.
Also in the news, India’s Prestige Group agrees to sell… Read More>>
Ascendas REIT Buys Sydney Office Project From Frasers JV for A$167.2M
Singapore’s Ascendas REIT is picking up an office project in suburban Sydney, marking the second acquisition by an SGX-listed trust in the Macquarie Park area in less than a week.
The REIT managed by Singapore’s CapitaLand has agreed to purchase… Read More>>
Changi Chairman Steps Down in Maid Abuse Scandal and More Asia Real Estate Headlines
A modern rendition of Shakespeare in Singapore reached a new stage this week when a prince of the Temasek realm finally relinquished his titles as an investigation progresses into possible false theft complaints against a domestic servant, with both Changi… Read More>>
Singapore’s Marina Bay Sands Sinks to S$113M Q2 Loss and More Asia Real Estate Headlines
The impact of the coronavirus is becoming clearer this week as companies around the region declare earnings, with Singapore’s best-known casino dropping to a loss and the Bangkok residential market losing 27 percent of its value.
On… Read More>>
Ascendas REIT Buys Sydney Logistics Project for S$21M and More Asia Real Estate Headlines
The latest investment in Australia by a Singapore-listed fund leads today’s collection of real estate headlines here on Mingtiandi, as Ascendas REIT adds a new logistics project to its Aussie portfolio.
Also in the news, as its… Read More>>
Ascendas REIT Buys Out Mitsui Stake in SG Business Park for S$103M
Ascendas Real Estate Investment Trust has acquired a 25 percent ownership interest in a Singapore business park for S$102.91 million ($72 million), after buying out the company’s Japanese development partner, according to an announcement by the SGX-listed REIT.
The manager… Read More>>
Ascendas REIT to Acquire 30 US and SG Biz Park Assets From CapitaLand for S$1.66B
Ascendas Real Estate Investment Trust has entered into agreements to acquire a portfolio of 30 business park assets in the US and Singapore for S$1.66 billion ($1.22 billion) from its controlling unitholder CapitaLand.
Under the terms of the proposed deal,… Read More>>
Frasers-ESR Sell Melbourne Office Project to Ascendas REIT for A$111M
Singapore-listed Ascendas REIT will soon be adding a fourth Australian office property to its portfolio after the real estate investment trust’s manager announced last week that it had agreed to acquire a Melbourne development project.
Ascendas Funds Management, a unit… Read More>>
Ascendas REIT to Build Grab’s New $135M HQ and More Asia Real Estate Headlines
Southeast Asia’s biggest ride-hailing app has found a new home in Singapore as Grab announces plans for a new $134.5 million headquarters to be built by Ascendas REIT. Also in the news, China’s Evergrande continues to buy up auto assets… Read More>>
Ascendas REIT Doubles UK Logistics Portfolio With $335M Acquisition
Singapore-based Ascendas Funds Management announced on Friday that it has agreed to acquire 26 logistics properties in the UK for Ascendas REIT from Griffin UK Logistics Fund Limited (GULF) for GBP 257.46 million ($335.4 million).
The deal follows the REIT’s… Read More>>
