A top level departure at a Singapore private equity firm leads this week’s review of personnel moves from around Asia as one of the partners from SC Capital Partners heads for the beach. Also making the list this week is… Read More>>
CapitaLand Ascott Trust Adds Three Japan Rental Housing Properties for $27M
CapitaLand Ascott Trust has acquired two rental housing properties in Osaka and a third in Kyoto for a total of JPY 4 billion ($27 million), as Asia Pacific’s biggest lodging REIT continues to fine-tune its portfolio with a focus on… Read More>>
CapitaLand Ascott Trust Selling Central Tokyo Hotel to Mizuho Leasing for $166M
CapitaLand Ascott Trust continues to make moves to enhance its portfolio, with the Singapore-listed lodging REIT announcing a deal Thursday to sell an ageing hotel in central Tokyo for JPY 25 billion ($166 million).
Japan’s Mizuho Leasing is buying the… Read More>>
New World Asks Banks to Refinance $11B in Loans and More Asia Real Estate Headlines
Troubled Hong Kong builder New World Development seeks to refinance billions of dollars in loans by the end of next month, with that report leading today’s headline roundup. Also in the news, gaming giant MGM gives Thailand casino advice and… Read More>>
Japan’s Star Asia REIT Sells Osaka Apartment Building and More Asia Real Estate Headlines
Tokyo-listed Star Asia REIT unloads an ageing Osaka apartment building, with that disposal leading today’s headline roundup. Also in the news, Singapore posts private home price growth of less than 1 percent and China’s Country Garden sells a stake in… Read More>>
CapitaLand Ascott Trust Adds Two Japanese Hotels for $140M
After a series of Japanese asset divestments in 2024, CapitaLand Ascott Trust is replenishing its portfolio in its third-largest market by asset value, announcing the purchase of two hotel properties in the country for JPY 21 billion ($140 million).
The… Read More>>
Capitaland Ascott Trust 2H 2024 Payout Falls 7% Despite Revenue Uptick
CapitaLand Ascott Trust’s (CLAS) unitholders earned 7 percent less from their securities in the second half of 2024, as foreign exchange losses and higher interest rates weighed on returns, despite higher revenue.
The Singapore-listed hospitality trust’s distribution per stapled security… Read More>>
CK Asset Bid for Hong Kong Project Rejected and More Asia Real Estate Headlines
Hong Kong builder CK Asset’s bid for a Kowloon commercial site gets shot down by authorities, with that setback leading today’s headline roundup. Also making news, China Vanke reports another massive quarterly loss and CapitaLand Ascott Trust posts an 8… Read More>>
CapitaLand Ascott Trust Selling Tianjin Apartments and More Asia Real Estate Headlines
CapitaLand leads today’s roundup of real estate news from around the region as the Singapore giant’s primary residential REIT issues a tight-lipped disclosure on the sale of a Tianjin apartment complex. Also making the list today is an activist battle… Read More>>
CapitaLand Ascott Trust Sells Citadines Kyoto Asset to Hilton for $42M
CapitaLand Ascott Trust has sold a serviced apartment block in Japan’s ancient capital of Kyoto to Hilton’s vacation-home brand for JPY 6.2 billion ($42 million).
The 124-unit Citadines Karasuma-Gojo Kyoto was divested at 40.1 percent above its book value and… Read More>>