Oxley Holdings has appointed new consultants to find a fresh buyer for its Novotel and Mercure hotels on Stevens Road after a previous suitor was found to have breached the terms of a letter of intent for purchase of the… Read More>>
Frasers Group Paying S$635M to Boost Stake in PGIM SE Asia Retail Fund to 67%
Frasers Property Ltd and Frasers Centrepoint Trust, a REIT managed by a unit of the Singapore-listed developer, are together acquiring an additional 31.66 percent stake in a PGIM retail real estate fund that owns a set of suburban Singaporean malls,… Read More>>
AEW Said to Make S$1B Bid for Chevron House at Raffles Place
Oxley Holdings announced late Thursday that it has received an unsolicited expression of interest in the amount of S$1.025 billion ($758 million) for the Chevron House building at Raffles Place, exactly one year after the Singapore-listed developer completed its purchase… Read More>>
SC Capital Buys Singapore Shopping Mall From AEW for S$230M
SC Capital Partners has agreed to purchase a community shopping centre in northeastern Singapore from a fund managed by AEW for S$230 million ($169.53 million), according to sources familiar with the transaction who spoke with Mingtiandi.
Singapore-based SC Capital, which… Read More>>
Frasers Property Buys Stake in PGIM SE Asia Retail Fund for S$356M
Frasers Property announced on Monday that it has agreed to acquire a 17.8 percent stake in a retail real estate fund managed by UK real estate investment manager PGIM for S$356.4 million ($262.7 million).
The deal would give Frasers, which… Read More>>
Indonesia’s NWP Retail Raises $200M From KTCU, CITIC and Warburg Pincus
Indonesian mall developer and operator NWP Retail on Monday announced that it had received $200 million in investment from the Korean Teacher’s Credit Union (KTCU) and a fund managed by CITIC Securities, as well as from its primary backer, Warburg… Read More>>
Gaw Buys Singapore’s Robinson 77 From CLSA for S$710M
Gaw Capital Partners has closed on the acquisition of Robinson 77, an office building in Singapore’s Tanjong Pagar area, from a fund managed by CLSA Capital Partners, according to sources familiar with the transaction who spoke with Mingtiandi.
In the… Read More>>
M&G Real Estate in $295M Singapore Business Park Deal with Surbana Jurong
M&G Real Estate has agreed to pay approximately S$400 million ($295 million) to forward fund an office building being developed by engineering and infrastructure consulting firm Surbana Jurong in Singapore, according to an announcement late this past week by the… Read More>>
Oxley Gets LOI to Sell Pair of Singapore Hotels for S$950M
Oxley Holdings Ltd is on its way to selling a pair of hotels on Stevens Road, just near Singapore’s Orchard Road shopping district, for a combined S$950 million ($702 million), according to an announcement by the developer to the city’s… Read More>>
Ascott REIT Sells Ascott Raffles Place in Singapore to Cheong Sim Lam for S$353M
Ascott Residence Trust has sold the Ascott Raffles Place Singapore to a local private investor for S$353.3 million, according to a filing by the REIT’s manager to the Singapore Exchange last week, parting with one of the most recognisable properties in the… Read More>>