ESR has taken another step toward becoming the second international company to list a real estate investment trust on a Chinese stock exchange, with the industrial giant announcing on Friday that it has filed an application with mainland authorities for… Read More>>
TSE-listed Hulic REIT has agreed to buy a hotel in Tokyo’s Roppongi district and an office building in the capital’s Honkomagome area for JPY 6.88 billion ($45 million) from the trust’s sponsor Hulic.
The Japanese REIT said in a statement… Read More>>
Charter Hall’s Core Logistics Partnership has sold a suburban Melbourne warehouse to Barings for A$94.1 million ($62.2 million), with the proceeds to be redeployed into developing the Australian property investor’s existing land banks.
The property at 2-30 Saintly Drive in… Read More>>
Mainland developer Powerlong has joined the growing list of defaulting Chinese builders after missing a coupon payment on an offshore bond and hiring restructuring advisors, according to a company stock exchange filing on Tuesday.
Having failed to pay $15.9 million… Read More>>
China home sales and prices continue to plummet despite a raft of recent government measures to prop up the ailing property market, with the mainland’s pessimistic economic outlook and developers’ increased backlog of unfinished projects weighing on buyer appetite.
China’s… Read More>>
ESR has acquired a western Sydney logistics complex from M&G Real Estate for A$107 million ($70.8 million) as the APAC industrial specialist continues to bolster its Australian portfolio this year.
ESR picked up the two-building facility at Erskine Park industrial… Read More>>
The billionaire chairman of embattled Chinese developer Shimao Group has agreed to sell an Australian cattle ranch portfolio to Canada’s Alberta Investment Management (AIMCo) and a unit of Australian agricultural investment manager New Forests, as his company continues to struggle… Read More>>
Singapore is now designating land for development of long-stay rental apartments, with Minister for National Development Desmond Lee announcing the first pair of sites to be sold under the new initiative in a speech on Wednesday.
Already on the Urban… Read More>>
Keppel Corp has agreed to buy out European fund manager Aermont Capital in a deal worth up to €931.86 million ($1 billion) as the Singapore-based conglomerate continues its efforts to transform into a global asset management giant.
Keppel, through its… Read More>>
Japanese rental residential assets continue to be a favourite theme for global investors in Asia Pacific with Invesco Real Estate and Tokyo-based Alyssa Partners today announcing completion of a purchase of a 15-property apartment portfolio.
The acquisition from a major… Read More>>