Asia Pacific real estate investment news and information
GuocoLand posted a 12 percent year-on-year rise in profit to S$66.2 million ($49.4 million) for its fiscal first half as revenue shot up 61 percent to more than S$1 billion.
The SGX-listed property arm of Malaysia’s Hong Leong Group recorded… Read More>>
GLP Capital Partners on Wednesday announced the sale of 12 logistics assets in Brazil via two separate transactions totalling $300 million, with a source identifying the buyers as Brookfield Asset Management and BTG Pactual.
The properties span 642,000 square metres… Read More>>
Orix REIT will buy three Tokyo residential projects for a combined JPY 12.6 billion ($85 million) and sell an office building in the city for JPY 8.8 billion, the TSE-listed trust announced late last week.
The most expensive purchase in… Read More>>
The third generation is taking the helm at one of Hong Kong’s oldest and largest property developers, with Hang Lung Properties on Tuesday announcing the appointment of Adriel Chan as chairman to succeed his father, Ronnie Chan, who is retiring.
Singapore-listed Keppel REIT posted a 2 percent drop in distribution per unit for 2023 as borrowing costs jumped 16 percent and interest income plunged 70.9 percent.
Full-year net property income rose 3.7 percent to S$182.4 million ($136.2 million), boosted by… Read More>>
China outpaced all Asia Pacific countries in fourth-quarter commercial real estate deals, with asset purchases by state-owned groups propelling a 50 percent year-on-year rise in mainland investment volume to $11.1 billion, according to JLL.
While Asia’s biggest economy led the… Read More>>
Blackstone’s real estate business posted a 50 percent revenue plunge in 2023 and stood out as the firm’s worst-performing segment, as high interest rates dented returns at the world’s largest alternative investment manager.
The Manhattan-based private equity titan recorded $3.4… Read More>>
Canada’s second-largest pension fund is moving its real estate investment divisions in-house with the transition expected to save Caisse de dépôt et placement du Québec C$100 million ($74.3 million) annually.
CDPQ said on Thursday that it will shift its Ivanhoe Cambridge… Read More>>
Singapore private residential rents fell 2.1 percent in the fourth quarter from the preceding three months, dropping for the first time since 2020, after developers completed more homes in 2023.
Ending 12 consecutive quarters of rental increases since a 0.5… Read More>>
Singapore-listed Keppel DC REIT’s distributions per unit sank 16.1 percent year-on-year in the second half of 2023, dragging full-year DPU to a decline of 8.1 percent, as the data centre trust wrestled with higher finance costs and a difficult tenant… Read More>>
