Asia Pacific real estate investment news and information
Activist investor Elliott Management has issued a set of demands to Sumitomo Realty & Development, vowing to oppose members of the Tokyo-listed builder’s senior management at a shareholder meeting if corporate governance and value-enhancing initiatives aren’t addressed.
In a letter… Read More>>
Nippon Building Fund has agreed to buy a Kawasaki office complex for JPY 29 billion ($200 million), inking another big-ticket deal for a Greater Tokyo asset after acquiring a Yokohama tower in March.
The REIT sponsored by property giant Mitsui… Read More>>
North American fund manager BGO on Thursday announced the final closing of its Asia value-add strategy, with the real estate unit of Canadian insurer Sun Life having raised more than $5.1 billion in committed capital for the vehicle and co-investment… Read More>>
Global real estate assets overseen by a sample of fund managers stood at $3.8 trillion at the end of 2024, down 8.2 percent from the prior year and marking a third straight year of decline from the historic peak of… Read More>>
LHN Group has won a tender for the tenancy of a state-owned property in Singapore’s Pasir Ris area, with the SGX-listed developer planning to convert the existing structures into the first resort-style chalet under its Coliwoo brand.
The property at… Read More>>
SGX-listed City Developments Ltd has agreed to sell its 50.1 percent interest in a central Singapore mixed-use complex to its joint venture partner, Malaysia’s IOI Properties Group, in a deal valuing the asset at S$2.75 billion ($2.1 billion).
CDL is… Read More>>
Singapore’s Mapletree Investments posted a net profit of S$227.2 million ($176.4 million) for its fiscal year to the end of March, reversing a year-earlier loss of S$577.2 million, as the Temasek-owned real estate player’s revaluation losses narrowed and asset sales… Read More>>
Singapore developers have shown that attractive residential sites can still spur competitive bidding with top builder City Developments Ltd placing the top offer for a plot in the city-state’s Jurong Lake in a tender which closed on Tuesday.
The developer… Read More>>
Hong Kong’s Gale Well Group has slashed the price for a beach villa complex in the city’s Southern District by 25 percent over the past four months, as the financially-troubled property investment firm seeks to accelerate asset disposals.
The owner… Read More>>
China’s real estate crisis isn’t confined to the mainland anymore, with top-five Hong Kong builder New World Development announcing late Friday that it will defer payments on four sets of bonds due this month.
The decision to forgo paying $77… Read More>>
