Asia real estate and outbound investment news
A proposed consolidation of two CapitaLand-sponsored real estate investment trusts is set to create the largest hospitality trust in Asia Pacific, according to a joint announcement by the REIT managers.
Southeast Asia’s largest real estate group is proposing to merge… Read More>>
New data is now available on the arc of the global shared office phenomena and WeWork’s announcement this week that its annual loss doubled to $2 billion in 2018 has analysts wondering if the co-working craze has already passed its… Read More>>
China’s real estate market is slowing and the country’s biggest developers have reacted by borrowing more cash from overseas markets as government controls continue to restrict home sales. Also in the news today, JP Morgan joins the analyst choir predicting… Read More>>
India’s industrial real estate market continues to draw interest from international private equity players as a joint venture between Warburg Pincus and one of South Asia’s largest developers picks up a site in Bengaluru. Singapore also gets some headlines today… Read More>>
Ascott Residence Trust has sold the Ascott Raffles Place Singapore to a local private investor for S$353.3 million, according to a filing by the REIT’s manager to the Singapore Exchange last week, parting with one of the most recognisable properties in the… Read More>>
Singapore-listed Datapulse Technology has announced that it has agreed to purchase the 127-room Hotel Aropa in Seoul for KRW 35 billion ($31 million), becoming the second Singaporean firm within the past month to acquire a Korean hotel, despite fears of… Read More>>
Ascendas Hospitality Trust continues to expand its presence in Seoul as the manager of the Singapore-listed trust has agreed to purchase its second hotel in the South Korean capital in less than seven months.
The trust, which already owns a… Read More>>
Leading the real estate news today from around Asia, the mainland company that bought Darwin port in Australia three years ago now has won approval for a new luxury hotel next to the controversial port project. Also in the news,… Read More>>
Singapore-listed Ascendas Hospitality Trust has struck a deal to buy three newly built hotels in Osaka for a total price of about 11.24 billion yen ($101.6 million), amid a surge of overseas tourist arrivals in Japan’s third-largest city.
The acquisition… Read More>>
Singapore-listed Ascendas Hospitality Trust has made its first foray into South Korea with a 73 billion won ($68.3 million) deal for a 215-room hotel in Seoul.
The trust, which already owns a portfolio of 11 hotels with over 4,000 rooms… Read More>>
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