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Marubeni Corporation president and CEO Masumi Kakinoki

Marubeni’s United Urban J-REIT Unloading Kawasaki Toshiba Building for $130M

2024/03/29 by Christopher Caillavet Leave a Comment

United Urban Investment Corporation has agreed to sell an ageing Greater Tokyo office building to an undisclosed buyer for JPY 19 billion ($130 million), with the TSE-listed REIT also planning to acquire more strata space in the capital’s Chiyoda ward.

… Read More>>

Yang Huiyan Country Garden

Country Garden Delays Annual Results as Chinese Developers Report More Losses

2024/03/29 by Kevin He Leave a Comment

Country Garden, China’s largest private property developer, has delayed the publication of its 2023 financial results, citing the need to collect more information to make appropriate accounting estimates and judgments.

In a filing to the Hong Kong Stock Exchange on… Read More>>

Global Link Management chief executive Daejoong Kim

Tokyo-Listed Real Estate Firm Selling 14 Japanese Residential Assets for Over $99M

2024/03/28 by Poonyapat Luenam Leave a Comment

Japan’s Global Link Management is selling a portfolio of apartment buildings across Tokyo and two neighbouring prefectures as investors continue to favour opportunities in Asia’s largest rental housing market.

The TSE-listed developer is selling 14 multi-family properties in Tokyo, Saitama,… Read More>>

Scape Shot

Aussie BTR Sector Primed for Consolidation as Market Favours Scale: MTD TV

2024/03/28 by Kevin He Leave a Comment

Australia’s build-to-rent (BTR) sector is primed for consolidation as high operating costs create opportunities for larger players to gain a market edge through economies of scale, according to senior executives from Local: Residential, Sentinel, Scape and Aware Super. Watch… Read More>>

Natalie Craig

C&W Promotes Natalie Craig to Singapore CEO, Noral Wild to Lead Australia

2024/03/28 by Christopher Caillavet Leave a Comment

Cushman & Wakefield has named Natalie Craig as country CEO for Singapore and Noral Wild as CEO for Australia and New Zealand, with both appointments effective from 1 April.

The newly created roles bring the two countries into alignment with… Read More>>

PDG TY1 Japan

PDG, Lendlease Complete Initial 48MW Phase at Greater Tokyo Data Centre

2024/03/28 by Christopher Caillavet Leave a Comment

Singapore-based Princeton Digital Group and Australian builder Lendlease have completed construction of the 48-megawatt first phase of the data centre platform’s first project in Japan.

The six-storey facility in Saitama City, 30 kilometres (18.6 miles) north of central Tokyo, is… Read More>>

Joe Tsai - Alibaba

Alibaba Cancels Cainiao IPO, Offers to Buy Out Shares for $3.75B

2024/03/27 by Christopher Caillavet Leave a Comment

Alibaba Group has scrapped plans for a Hong Kong initial public offering of its Cainiao logistics unit, with the Chinese e-commerce giant instead looking to buy the remaining Cainiao shares it does not own for $3.75 billion.

Alibaba holds a… Read More>>

Aaron Lee, Dash Living

Scale, Efficiency Key to APAC Living Sector Returns Say Dash, PGIM: MTD TV

2024/03/27 by Kevin He Leave a Comment

Value-add investors in Asia Pacific’s living sector can boost returns by aggregating properties into larger portfolios and leveraging technology to create efficient platforms, Aaron Lee, founder and CEO of Dash Living and David Fassbender, head of Japan at PGIM… Read More>>

William Huang GDS

China’s GDS to Raise $587M From Private Equity for International Data Centres

2024/03/27 by Christopher Caillavet Leave a Comment

Data centre developer and operator GDS Holdings on Tuesday announced the signing of agreements to raise $587 million from private equity investors to fund the expansion of the Shanghai-based firm’s DigitalLand international business.

Investors in the Series A convertible preferred… Read More>>

Sachin Doshi, Weave Living

KKR Latest Global Heavyweight to Team with Weave Living as Korea Venture Unveiled

2024/03/26 by Christopher Caillavet Leave a Comment

Weave Living has secured buyout giant KKR as its newest capital partner for the regional apartment operator’s first investments in South Korea, with a focus on Seoul.

The partnership aims to build a rental housing portfolio of 1,200 units with… Read More>>

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MTD TV

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