Singapore remains the top hub for data centres in Asia Pacific, with record low vacancies of 2 percent in 2022, while Hong Kong ranks second despite climbing land prices, according to Cushman & Wakefield’s global comparison of homes for server… Read More>>
CBRE Hires Kelvin Chan as Head of Capital Markets for China
CBRE on Friday announced the appointment of Kelvin Chan as the global property consultancy’s head of capital markets for China.
Based in Shanghai, Chan will lead a team of more than 50 capital markets professionals across mainland China, CBRE said… Read More>>
PDG Hires Mitsui’s Yoshinaga Takahashi as Managing Director of Japan
Princeton Digital Group has appointed Yoshinaga Takahashi as managing director of Japan, where he will help execute the Singapore-based firm’s hyperscale data centre project north of Tokyo.
A 22-year veteran of Mitsui & Co, Takahashi brings his experience in industrial… Read More>>
AXA IM ALTS Picks Up 33 Japanese Apartment Buildings for $459M
French fund manager AXA IM Alts has boosted its multifamily holdings in Japan with the acquisition of a 33-property apartment portfolio across Tokyo, Greater Osaka, and Nagoya for about €420 million ($459 million).
The 2,141-unit portfolio is made up of… Read More>>
Swire Properties Buys 40% Stake in Bangkok Residential Site From HKRI for $73M
Swire Properties has acquired a 40 percent interest in a residential development site in central Bangkok for THB 2.4 billion ($73 million), with the Hong Kong-based developer making good on a pledge to beef up its pipeline of projects in… Read More>>
Guoco Midtown Office Project Opens Doors to Tenants in Singapore
GuocoLand has obtained the temporary occupation permit for the office component of its S$2.4 billion ($1.83 billion) Guoco Midtown project, opening the doors for tenants to begin occupying the 30-storey tower in Singapore’s downtown core, the Singapore-listed developer announced Tuesday.
Boustead Fund Acquires Singapore Industrial Building For $75M
A fund led by Singapore’s Boustead Projects and Metro Holdings is acquiring an industrial facility in the city-state’s Paya Lebar region for S$98.8 million ($75.16 million) as Boustead expands its management of third party capital.
The SGX-listed duo, together with… Read More>>
Vietnam’s Lodgis to Expand Hotel Network, Enter Korea Alongside Hanwha Group
Lodgis Hospitality Holdings on Wednesday announced a tentative agreement with South Korea’s Hanwha Group on development, investment and management of future hotel and resort projects across Asia.
The chief executives of Warburg Pincus-backed Lodgis and Hanwha Hotels & Resorts signed… Read More>>
CBRE IM to Develop Greater Tokyo Warehouse Through $1.7B Fund
CBRE Investment Management is ramping up its presence in Japan’s logistics market, with plans to develop a multi-tenant warehouse in the Tokyo area on behalf of the investment giant’s $1.74 billion shed-focused fund.
Completion of the 47,300 square metre (509,133… Read More>>
APAC Commercial Real Estate Investment Fell 27% to $129B in 2022: JLL
Commercial real estate investment in Asia Pacific plunged 27 percent year-on-year in 2022 to $129 billion, as a tightening interest rate cycle and global macroeconomic uncertainties drove decision-making, according to JLL.
The fourth quarter alone saw a 41 percent year-on-year… Read More>>
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