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Ian-Cohen-apollo

Apollo Global Management Confirms Exit From Asia Real Estate Equity Strategy

2024/01/10 by Michael Cole Leave a Comment

Apollo Global Management, which deployed $15.7 billion into real assets globally in 2022, has walked away from its equity strategy for Asian real estate after property investment deals in the region fell by more than a third during the first… Read More>>

Sanjeev Dasgupta - CEO of Ascendas India Trust

Singapore’s CapitaLand Unveils $540M Chennai Investment Plan

2024/01/10 by Beatrice Laforga Leave a Comment

Singapore property heavyweight CapitaLand Investment (CLI) continues to bolster its presence in India as it unveils plans to invest INR 45 billion ($540 million) in business parks, logistics and data centre developments in Chennai over the next five years.

CLI… Read More>>

BDx CEO Mayank Srivastava

BDx Indonesia to Acquire Indosat Data Centre Portfolio for $170M

2024/01/10 by Christopher Caillavet Leave a Comment

BDx Indonesia on Tuesday announced plans to acquire the data centre portfolio of Jakarta-based Indosat Ooredoo Hutchison for IDR 2.63 billion ($170 million).

The portfolio of carrier-neutral co-location and edge facilities includes 10 strategic sites linked to six domestic and… Read More>>

Stephen Ng Tin-hoi, chairman of Wharf REIC

Hong Kong’s Wharf Puts Mall in Singapore’s Orchard Area on Market for $338M

2024/01/09 by Beatrice Laforga Leave a Comment

Hong Kong-based real estate firm Wharf Real Estate Investment Company (Wharf REIC) is marketing a luxury mall along Singapore’s Orchard Road for S$450 million ($338 million) as the rejuvenation of the premier shopping strip gathers speed.

Its Singapore development subsidiary,… Read More>>

Henderson Land director Augustine Wong

Henderson Adds to Kowloon Pipeline with Acquisition of Tsim Sha Tsui Building

2024/01/09 by Kevin He Leave a Comment

Henderson Land has secured full ownership of an ageing building in the heart of Hong Kong’s Tsim Sha Tsui district, as the developer continues to build out its presence in Kowloon.

Two months after winning approval from Hong Kong’s Lands… Read More>>

sukmawati Widjaja

Indonesia’s Widjaja Family Marketing Commercial Floor in Singapore’s Orchard Area for $57M

2024/01/09 by Beatrice Laforga Leave a Comment

Top Global has put a strata-titled office asset in Singapore up for sale at S$76 million ($57.1 million) as the company owned by Indonesia’s Widjaja family plans to completely exit the commercial building near the Orchard Road shopping strip.

The… Read More>>

Koichi Nishiyama

Nippon Building Fund Paying $303M to Expand Holdings in Mitsui Tokyo Complex

2024/01/09 by Poonyapat Luenam Leave a Comment

TSE-listed Nippon Building Fund announced on Friday that it has agreed to buy more space in a mixed-use complex developed by Mitsui Fudosan in Tokyo for JPY 43.8 billion ($303 million). The company revealed in the same statement that it… Read More>>

Daniel Ding Knight Frank Singapore

Singapore Deal Volume Fell 32% in 2023 as Government Land Sales Dominated

2024/01/09 by Christopher Caillavet Leave a Comment

Singapore’s property market felt the pressure of rising interest rates in 2023 with investment plunging 31.8 percent to S$21.1 billion ($15.9 billion), according to Knight Frank.

Residential deals, comprising mostly government land sales, amounted to S$10.3 billion or 47.7 percent… Read More>>

Wanda Mall in Harbin (Getty Images)

Wanda Shakes Off Debt Woes, IPO Stumble to Remain China’s Top Commercial Developer

2024/01/09 by Christopher Caillavet Leave a Comment

Despite credit downgrades, disappearing associates and an aborted mall IPO, Dalian Wanda kept its crown as China’s biggest commercial developer last year, and the race wasn’t close.

Dalian Wanda Commercial Management, the primary holding company for Wanda’s commercial and hospitality… Read More>>

Namgoong Hoon Mastern

Mastern Sells Seoul Office Tower to Apparel Giant for $261M

2024/01/07 by Poonyapat Luenam Leave a Comment

Korea’s Mastern Investment Management sold a nearly-completed office building in Seoul’s Gangnam business district late last month as Korea’s office market continues to defy a global slowdown.

The real estate fund manager, which manages over 150 assets worldwide, announced in… Read More>>

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MTD TV

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