Singapore-listed Mapletree Logistics Trust announces the sale of two Japan warehouses, with those divestments leading today’s headline roundup. Also making the list, property giant CapitaLand denies reports of a planned Shanghai disposal and India’s Welspun eyes an industrial park expansion… Read More>>
CapitaLand Development Enters $284M Top Bid for Central Singapore Industrial Site
CapitaLand Development made the top bid of S$368.9 million ($284.5 million) for a development site in Singapore’s Kolam Ayer industrial estate, with the builder’s proposed project to serve food-related end-users.
The 44,107 square metre (474,764 square foot) parcel at Kallang… Read More>>
CapitaLand Sells US Apartment Complex for $73M and More Asia Real Estate Headlines
CapitaLand leads today’s headline roundup at Mingtiandi, with the Singaporean giant completing the disposal of a US apartment complex. Also making the list, Chinese developer Shimao posts a massive six-month loss and casino operator The Star receives bad news from… Read More>>
Tencent Moves Raffles Place Staff to CapitaLand’s The Work Project at CapitaSky
Tencent has moved some of its Singapore staff to The Work Project’s flexible office space at CapitaSky in Tanjong Pagar, with a spokesman for the Chinese internet giant confirming the shift on Wednesday.
Tencent is leasing one floor, or about… Read More>>
CapitaLand Sells Shanghai Ascott Apartments to Guangzhou Investor for Reported $166M
CapitaLand Development has sold a serviced apartment property in Shanghai’s Xuhui district to a vehicle controlled by a mainland investor, as cash-rich corporate investors continue to seek discounted acquisition opportunities amid China’s property slump.
The 90-unit Ascott Heng Shan Shanghai… Read More>>
CapitaLand, CDL, Frasers Team with Mitsubishi, Mitsui for $6.3B Singapore Mega-Project
A tender for a site for a suburban Singapore project which could be worth S$8.5 billion ($6.3 billion) upon completion attracted just two bids – both from the same five-party consortium – with three of the city-state’s largest property players… Read More>>
Lui Chong Chee to Chair CapitaLand Ascott Trust
CapitaLand Ascott Trust has appointed Lui Chong Chee as the next chairman of the Singapore-listed lodging REIT, succeeding the retiring Bob Tan.
Lui, who currently sits as a non-executive independent director, will take over the chairman’s seat on 22 April… Read More>>
Weave-BlackRock JV Buying Singapore Citadines From CapitaLand Ascott Trust for $111M
Weave Living continues to expand its network of investors and its portfolio of properties, with the rental residential investor and operator announcing on Friday that it has formed a joint venture with a BlackRock fund to purchase a Singapore serviced… Read More>>
CapitaLand Ascott Trust Posts 25% Distribution Jump for 2023
The global travel recovery drove demand at CapitaLand Ascott Trust in 2023, with the Singapore-listed lodging REIT’s full-year distribution rising 25 percent to S$237 million ($176.7 million).
CLAS, a stapled trust comprising CapitaLand Ascott REIT and CapitaLand Ascott Business Trust,… Read More>>
CapitaLand India Trust Sets Up 21MW Solar Plant in Tamil Nadu
CapitaLand India Trust has launched its first captive solar plant in the southern state of Tamil Nadu as part of efforts to step up sustainability at the Singapore-listed REIT.
The 21-megawatt solar plant will generate more than 30 million kilowatt-hours… Read More>>
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