Temasek-owned Cuscaden Peak plans to seek a buyer for The Clementi Mall in western Singapore, with market sources not involved in the transaction confirming a guide price in the range of S$730 million to S$750 million ($568.5 million to $584… Read More>>
Cuscaden Peak Wins Approval for $2.1B Privatisation of Singapore’s Paragon REIT
Paragon REIT unitholders overwhelmingly approved Cuscaden Peak’s privatisation of the SGX-listed retail trust at a Tuesday meeting, paving the way for a potential disposition of the portfolio’s three remaining properties.
The privatisation scheme passed with the support of unitholders representing… Read More>>
Hines Said Eyeing $385M North Sydney Office Tower and More Asia Real Estate Headlines
US developer and fund manager Hines leads today’s headline roundup with tentative plans to buy a North Sydney skyscraper. Also in the news, Hong Kong’s New World Development sells a Kowloon industrial tower and Singapore’s GIC seeks more bids for… Read More>>
Singapore’s Paragon REIT Selling Its 85% Stake in Aussie Mall for $106M
Paragon REIT has announced plans to sell its entire 85 percent interest in a New South Wales mall for A$163.2 million ($106.4 million), a divestment which pares the Singapore-listed trust’s Australia portfolio down to a single asset.
The deal values… Read More>>
Cuscaden Peak, Kajima Seeking $596M for Singapore’s Woodleigh Mall
Cuscaden Peak is marketing its Woodleigh Mall in north-central Singapore for S$800 million ($596 million), sources confirmed to Mingtiandi on Friday.
The retail project next to Woodleigh MRT station was completed last year and is held in a 50:50 joint… Read More>>
Cuscaden Peak-Managed Paragon REIT Sells Singapore Strip Mall for $58M
Paragon REIT has agreed to sell a strip mall in the Upper Bukit Timah area for S$78.5 million ($58 million), reducing the Singapore-listed trust to just two properties in its home market, with another two in Australia.
“The divestment is… Read More>>
Mapletree Buys $1.3B European Student Housing Portfolio From Cuscaden Peak
Singapore’s Mapletree Investments continues to expand its global portfolio of student housing with the unit of Temasek Holdings announcing on Friday that it has acquired 31 purpose-built student accommodation (PBSA) assets in Europe from its compatriots at Cuscaden Peak Investments.
Robert Kuok’s Allgreen Completes $410M Purchase of Singapore’s Seletar Mall
Robert Kuok’s Allgreen Properties has completed its S$550 million ($410 million) purchase of the Seletar Mall in northeastern Singapore from a joint venture of Cuscaden Peak and United Engineers Ltd (UEL), the companies announced Thursday.
Allgreen, the Singapore property development… Read More>>
Robert Kuok’s Allgreen in Talks to Buy Suburban Singapore Mall for $387M
A Singapore developer controlled by the family of Shangri-La Hotel founder Robert Kuok is in talks to acquire a shopping centre in northeastern Singapore from a joint venture between Temasek Holdings-backed Cuscaden Peak and Yanlord Land’s United Engineers Ltd (UEL)… Read More>>
Indonesian Family Buys Bungalows on Singapore’s Nassim Road for $155M
Temasek Holdings-backed Cuscaden Peak Investments has sold three mansions on Singapore’s Nassim Road for S$206.7 million ($155 million), according to a company representative, with a market source identifying the buyer to Mingtiandi as a wealthy Indonesian family.
The two-storey good… Read More>>