CapitaLand Investment on Wednesday posted a 6 percent year-on-year rise in fee income for the first nine months of 2024, following the day-earlier announcement of S$261 million ($195.5 million) in fresh capital for the real estate fund manager’s Southeast Asia… 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>>
Asia Real Estate People in the News 2024-10-07
A new boss at one of the region’s largest investors heads up this week’s review of personnel moves from around Asia’s real estate industry as Korea’s KIC updates its org chart. Also making the list is a new chairman at… Read More>>
CapitaLand Close to Buying Stake in Fosun’s Club Med and More Asia Real Estate Headlines
CapitaLand Investment leads today’s Mingtiandi headline roundup, with the Singaporean firm said to be eyeing a stake in Fosun International’s Club Med resort chain. Also in the news, Singapore home sales are on track to hit their lowest since the… Read More>>
Simon Treacy Stepping Down as CapitaLand Rejigs Private Funds Team
Simon Treacy is leaving his role leading CapitaLand Investment’s private real estate fund business after three years, as the Singapore government-linked company rolls out a unified real assets platform to manage non-listed vehicles.
Following his departure from his role as… Read More>>
CapitaLand Selling Singapore Mall Stake for $1.4B and More Asia Real Estate Headlines
Singapore’s CapitaLand Investment leads today’s headline roundup as the Temasek-backed firm offloads its half-stake in the ION Orchard luxury mall. Also making the list, India’s Reliance plans a huge data centre in Gujarat and an Aussie fund sells a Brisbane… Read More>>
CapitaLand Fund Buys Seoul Office Tower From Korea’s NPS for $330M
Singapore’s CapitaLand Investment has completed its KRW 440.8 billion ($330 million) purchase of the Golden Tower office building in Seoul’s Gangnam business district from South Korea’s NPS on behalf of a new private fund.
The fund management arm of property… Read More>>
SF REIT Boosts H1 Revenue to $28.5M and More Asia Real Estate Headlines
SF REIT kicks off Mingtiandi’s headline roundup today, as the Hong Kong-listed warehouse trust defies China’s economic slump with an upbeat first-half report. Also making the list, Canadian pension fund OMERS seeks opportunities to deploy its biggest war chest in… Read More>>
CapitaLand Investment 1H Profit Dips 6%, Sells Suzhou Asset to RMB Fund
CapitaLand Investment (CLI)’s net profit declined 6 percent year-on-year to S$331 million in the first half of the year, as portfolio gains helped cushion a 14 percent slide in operating profit after tax and minority interest (PATMI).
SGX-listed CLI’s revenue… Read More>>
CapitaLand’s CICT Boosts Distributable Income 3.7% in 1H on Strong Leasing
CapitaLand Integrated Commercial Trust posted first-half distributable income of S$366.5 million ($277 million), up 3.7 percent year-on-year, as strong leasing countered missing revenue from an under-renovation German property.
SGX-listed CICT’s distribution per unit for the six months to June rose… Read More>>
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