A pair of Singapore consolidations lead today’s review of real estate news from around Asia, as a CapitaLand-managed REIT completes its purchase of the remaining stake in the CapitaSpring tower and Frasers Property buys the remaining units in a suburban… Read More>>
GDS $335M China REIT to Begin Trading on Friday and More Asia Real Estate Headlines
Mainland data centre giant GDS leads today’s roundup of real estate headlines, as the company prepares to debut its $335 million REIT on the Shanghai Stock Exchange this Friday. Also making news, Blackstone to launch a $3.4 billion buyout of… Read More>>
CapitaLand REIT to Buy Remaining 55% of CapitaSpring Office Tower for $810M
CapitaLand Integrated Commercial Trust on Tuesday announced plans to acquire the 55 percent it does not already own in the commercial component of downtown Singapore’s CapitaSpring building at an agreed value of S$1.05 billion ($810 million).
SGX-listed CICT will buy… Read More>>
BlackRock, Malaysia’s YTL Buying Citadines Raffles Place From CapitaLand JV for $216M
CapitaLand Integrated Commercial Trust on Friday announced a deal to sell the residential element of downtown Singapore’s CapitaSpring building for S$280 million ($216.2 million), with market sources confirming asset management titan BlackRock and Malaysia’s YTL Corp as the buyers.
SGX-listed… Read More>>
Singapore’s Largest REIT Gets New CEO as CapitaLand Reshuffles Leadership
CapitaLand Integrated Commercial Trust will have a new chief executive officer from 1 May as Southeast Asia’s largest real estate company continues to rejig its leadership structure.
The manager of Singapore’s largest real estate investment trust by market capitalisation on… Read More>>
CICT Property Income Up 3.4% in 2024 on Singapore Retail Rebound
CapitaLand Integrated Commercial Trust saw its net property income grow to S$1.15 billion ($850 million) in 2024, up 3.4 percent from the previous year, as strong tourism in Singapore and limited supply of retail space bode well for the REIT’s… Read More>>
CapitaLand Investment Shifts Tan to Commercial REIT, Hires Yong to Lead Malaysia Trust
Singapore’s CapitaLand Investment is moving the boss of its Malaysia REIT, Tan Choon Siang, to a new role as deputy CEO at CapitaLand Integrated Commercial Trust, effective 1 February.
Tan is to assist CICT CEO Tony Tan in managing all… Read More>>
CapitaLand Commercial REIT Sells WeWork-Leased Singapore Tower for $510M
CapitaLand Integrated Commercial Trust sold its 21 Collyer Quay office tower in Singapore’s Raffles Place to an undisclosed buyer on Monday for S$688 million ($510.8 million), the SGX-listed REIT’s manager announced Tuesday.
The sale price is equal to an independent… Read More>>
Crypto Kingpin’s Singapore Mansion Sold for $38M and More Asia Real Estate Headlines
The wife of disgraced Three Arrows Capital co-founder Zhu Su has completed the sale of a Singapore mansion, with that disposal leading today’s headline roundup. Also making news, a Sentosa plot once belonging to a money launderer changes hands and… Read More>>
IKEA Opens $1B Shanghai Shopping Mall and More Asia Real Estate Headlines
Swedish furniture giant IKEA cuts the ribbon on its new Shanghai mall, with that story leading today’s headline roundup. Also making the list, WeWork’s India exit plan goes awry and a tender for Singapore’s Roxy Square ends with no bids.
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