Struggling to pay its bills globally, WeWork plans to sell its stake in its India business with that story leading Mingtiandi’s headline roundup today. Also making the list is EQT’s India data centre joint venture with Adani, which is close… Read More>>
Keppel Earnings Jump on Sale of Offshore Unit and More Asia Real Estate Headlines
Singapore’s Keppel reported record earnings for 2023, thanks to the one-off sale of a major subsidiary, with that story leading today’s headline roundup. Also in the news, a pair of SGX-listed REITs report lower payouts and Beijing is providing more… Read More>>
Singapore’s CapitaLand Ascendas REIT Sells Trio of Aussie Sheds to AsheMorgan for $49M
CapitaLand Ascendas REIT (CLAR) is in the process of selling a set of three suburban logistics assets in Brisbane to Sydney-based investment house AsheMorgan for a total of A$73 million ($49.3 million).
The REIT’s manager on Wednesday entered into a… Read More>>
WeWork Creditors Battle for Post-Restructuring Control and More Asia Real Estate Headlines
Creditors of defaulting shared office provider WeWork are now fighting over control of the company as it enters restructuring, with that story leading Mingtiandi’s headline roundup today. Also making the cut is a “final adjournment” of China Evergrande’s liquidation hearing… Read More>>
CapitaLand Ascendas REIT Buys Fifth UK Data Centre in Northwest London for $160M
CapitaLand Ascendas REIT has completed the acquisition of a co-location data centre northwest of London for £125.1 million ($159.6 million), marking the Singapore-listed trust’s fifth server-hosting facility in the United Kingdom.
The purchase consideration took into account an agreed value… Read More>>
Country Garden Said Cancelling Share Sale and More Asia Real Estate Headlines
A cash crunch for China’s largest home-builder leads today’s roundup of real estate headlines from around the region as Country Garden struggles with a slowing housing market. Also in the news, Hong Kong homeowners are getting motivated to sell and… Read More>>
Population ‘Time Bomb’ to Hit Hong Kong Housing and More Asia Real Estate Headlines
In today’s roundup of regional headlines, fresh research sounds alarm bells over an ageing population’s impact on the Hong Kong housing supply, and Far East Consortium hits practical completion on Melbourne project. Also in the news, China’s home price growth… Read More>>
CapitaLand Ascendas REIT Buying Seagate Singapore R&D Building for $163M
CapitaLand Ascendas REIT has agreed to acquire an R&D and business park property used by data storage firm Seagate in Singapore’s One North district for S$218.2 million ($163.2 million).
The 2015-vintage building at 26 Ayer Rajah Crescent serves as Seagate’s… Read More>>
Family Office Buys Singapore Industrial Building From CapitaLand Ascendas REIT
The manager of CapitaLand Ascendas REIT has agreed to sell an industrial building in Singapore’s Toa Payoh area to the family office of a foreign investor, in a deal that values the asset at three times its acquisition value nine… Read More>>
CapitaLand Ascendas REIT Closes Philips HQ Buy and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, electronics giant Philips concludes the previously announced sale of its APAC headquarters, Singaporeans rankle at rising housing costs, and Twitter walks away from its Asia HQ.
Philips Completes $76M Sale… Read More>>
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