Kerry Properties has won a government tender for a site near Shanghai’s Yuyuan Garden for RMB 8.78 billion ($1.2 billion) to move a step closer to consolidating a supersized mixed-use project.
The bid is for the second of two sets… Read More>>
ESR-GIC JV Buys Sydney Industrial Plant to Develop $301M Logistics Project
ESR has acquired a manufacturing plant in Sydney’s Botany Bay area on behalf of a joint venture with Singapore’s GIC, with the partners planning to invest at least A$443 million ($301 million) to develop a multi-storey logistics facility on the… Read More>>
Singapore Ramps Up Housing Supply With Biggest Land Sale Plan in a Decade
Singapore on Wednesday unveiled plans to put up for sale eight residential sites in the second half of the year as part of the government’s plan to boost private home supply and tame a red-hot housing market.
Under the confirmed… Read More>>
NWP-Backed Indonesia Logistics Platform Breaks Ground on Pair of Projects
Cella Management Logistics, an Indonesia-focused industrial platform backed by Jakarta-based developer NWP Property, has broken ground on two logistics projects with a planned 165,000 square metres (1.8 million square feet) of net leasable area.
The pair of projects — a… Read More>>
Perennial to Invest $167M After Winning Tender for Singapore’s First Assisted Living Project
Perennial Holdings is planning to invest S$225 million ($167 million) for its initial venture into Singapore’s healthcare real estate sector after winning a public tender for the city-state’s first private assisted living development.
The developer controlled by local billionaire Kuok… Read More>>
QIP Wraps Up $50M Japan Multi-Family Fund With Tokyo Buy
Singapore’s Q Investment Partners has acquired a residential property in central Tokyo as the fourth and final asset of the private equity firm’s Japan multi-family housing fund, marking the closure of the $50 million vehicle.
The property consists of 42… Read More>>
Amara Hotels Could Be Next Real Estate Buyout Target on the SGX
Amara Holdings said on Monday that it is in talks with its controlling shareholders regarding a potential deal, with analysts speculating that the SGX-listed hotel owner and operator could be Singapore’s latest buyout target.
Amara, which saw its stock skyrocket… Read More>>
Hong Kong Commercial Property Investment Falls 45% as Interest Rates Sour Reopening
Deal volume in Hong Kong’s commercial property market fell 45 percent year-on-year to HK$18.1 billion ($2.3 billion) in the first six months of 2023 as high interest rates continued to discourage investors, according to Cushman & Wakefield.
Despite a gradual… Read More>>
ESR Completes Chengdu Industrial Park as Group’s First Purpose-Built Cold Chain Facility
ESR has finished construction of its first purpose-built cold storage facility at the ESR Chengdu Qingbaijiang Cold Chain Industrial Park in China’s Sichuan province.
Completed in early 2023, the park comprises single- and multiple-storey cold storage facilities with a total… Read More>>
Vietnam’s Novaland Loses Two Board Members in One Month
Vietnamese developer Novaland has bid farewell to two board members in the span of a month, one of whom tendered his resignation less than 20 days into the job.
Do Thi Phuong Lan and Nguyen Tran Dang Phuoc, both former… Read More>>
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