City Developments Limited (CDL) has acquired Aldgate House, a prime commercial building in London for £183 million (approximately $239 million) from a joint venture between Hermes Investment Management and the Canada Pension Plan Investment Board (CPPIB) to continue expanding recurring… Read More>>
CapitaLand-CDL JV Buys 3.7 Hectare Singapore Site for $566M
A CapitaLand-City Developments (CDL) joint bid won a government tender for a 3.7 hectare mixed-use site in northeastern Singapore with a bid of S$777.78 million ($566 million), according to announcements by the two companies.
In their first cooperation since 2007,… Read More>>
WeWork Raises $1B From Softbank and More Asia Real Estate Headlines
Shared office giant WeWork leads the news again today as Japan’s Softbank decides to wager another $1 billion that leasing offices on a retail basis will continue to be a growth industry. Also in the news, a UK sports retailer… Read More>>
Chelsfield Said in Due Diligence for S$550M Buy of SG’s Manulife Centre From Alpha and CDL
In what would be its first Singapore deal, UK property developer Chelsfield is said to be closing in on an acquisition of the Manulife Centre on Singapore’s Bras Basah Road in the latest sign of ongoing growth in the city-state’s… Read More>>
CDL, Alibaba Take Cornerstone Stakes in $727M E-House IPO
Singaporean property developer City Developments Ltd is joining mainland tech giant Alibaba as investors taking cornerstone stakes in the initial public offering of E-House (China) Enterprise Holdings Ltd, a Shanghai-based real estate services provider with more than RMB 4.6 billion… Read More>>
Hong Leong Wins Hillview Rise Site in Western Singapore for S$460M
Singapore’s Hong Leong Holdings has set a new record for purchases of government land sites in western Singapore after the privately held property arm of Hong Leong investments agreed to pay S$460 million ($338 million) for a plot in the… Read More>>
CDL Names Pair of Execs to Head New Asset Management, Development Divisions
Singapore’s biggest home builder, City Developments Limited (CDL) announced a pair of new executive appointments this week as it created a pair of new business units to strengthen its commercial division and re-engineer its development process.
The owner of Republic… Read More>>
Shanghai’s Distrii Opens First Overseas Co-Working Centre in Raffles Place
Shanghai-based flexible office provider Distrii opened its first overseas location today in Republic Plaza in Singapore. The 62,000 square foot centre was opened the same day that the two-year-old company announced a new joint venture with Singapore’s City Developments Ltd,… Read More>>
GIC Enters $300M Mexico Multi-Family JV and More Asia Real Estate Headlines
Cross-border deals dominate the news today, with Singapore’s sovereign wealth fund GIC entering into a $300 million venture to build rental residences in Mexico. Also in the headlines, a US pension fund has committed $50 million to Chinese car… Read More>>
CDL Submits Plans for £1.25B London Project and More Asia Real Estate Headlines
As Asia gets back to work after the lunar new year holiday, the region’s investors are making the headlines in both London and Sydney as we head into the year of the dog. Also in the news, two more Singapore… Read More>>
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