City Developments Limited has aligned itself with Paris-based asset manager Tikehau Capital and the family office of Singapore billionaire Arvind Tiku in set of transactions that takes their combined holdings in IREIT Global to over 50 percent, according to an… Read More>>
Singapore’s landlords are bracing themselves for the biggest financial crisis of the century, with office leasing demand and property investment already disappearing as a result of the COVID-19 pandemic.
In a report released yesterday, Cushman & Wakefield said that office… Read More>>
Goldin Financial has agreed to sell a once-prized residential site at Hong Kong’s former airport, after accepting an offer from an undisclosed party for the undeveloped Kai Tak plot, the company announced to the stock exchange on Tuesday.
The Hong… Read More>>
Singapore’s GIC has teamed up with Aussie REIT Dexus to buy a 50 percent stake in a landmark Melbourne’s commercial property for A$644 million ($398 million) through an off-market transaction.
ASX-listed Dexus announced in a bourse filing yesterday that the… Read More>>
Mapletree Investments has raised $1.8 billion for its first ever US and European logistics fund, leveraging the returns from leasing warehouses to e-commerce firms to expand the Singapore-based company’s capital management business.
The firm, which is backed by Temasek Holdings,… Read More>>
US-based asset manager Invesco has reached a $380 million first close on its fourth APAC-focused value-add real estate investment vehicle, according to sources familiar with the firm’s fund raising.
Including sidecar and coinvestment commitments, the managers of Invesco Real Estate… Read More>>
China Reinsurance has completed the acquisition of a newly completed commercial property in Shanghai’s Lujiazui area for RMB 3.09 billion ($440 million), according to an announcement yesterday by Cushman & Wakefield.
The Hong Kong-listed insurer, which is controlled by mainland… Read More>>
Softbank has withdrawn its proposal to buy $3 billion in WeWork shares, following through on a letter to investors sent last month threatening a U-turn on the deal which gave it control of the troubled co-working pioneer.
The Japanese investment… Read More>>
Seoul-based Vestas Investment Management has acquired a distribution centre in central Poland on behalf of Korean institutional investors for €71 million ($78 million), as the European logistics market continues to draw Asian capital.
Savills Investment Management said in a statement… Read More>>
Ascendas Real Estate Investment Trust has acquired a 25 percent ownership interest in a Singapore business park for S$102.91 million ($72 million), after buying out the company’s Japanese development partner, according to an announcement by the SGX-listed REIT.
The manager… Read More>>