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GIC Closes in on $1.3B Purchase of Prince Hotel Portfolio in Japan

2022/02/08 by Beatrice Laforga Leave a Comment

Singapore’s GIC is in the final stages of a deal which would make it the owner of around 30 hospitality assets operated by one of Japan’s oldest hotel chains through a JPY 150 billion ($1.3 billion) deal, according to market… Read More>>

Hines's managing director, Drew Huffman

Hines Acquires Nagoya Asset for First Japan Logistics Project

2022/02/08 by Christopher Caillavet Leave a Comment

US developer Hines on Tuesday announced its first logistics acquisition and development in Japan, a two-building project in the port city of Nagoya, to be called the Yatomi Distribution Center.

The project in Nagoya’s Yatomi city, consists of an existing… Read More>>

Sino Group JV Set to Open Office Project on Hong Kong’s South Side

2022/02/08 by Pawara Laothamatas Leave a Comment

Sino Group is expanding its Hong Kong Island commercial portfolio with the recent launch of leasing for a Grade A office project in the emerging commercial hub of Wong Chuk Hang, according to a statement.

Landmark South, a 256,957 square… Read More>>

Chris Heady, head of Asia real estate at Blackstone

Blackstone Asia Fund Reaches $6.38B With Florida Pension Boost

2022/02/04 by Christopher Caillavet Leave a Comment

Private equity giant Blackstone secured a $100 million commitment for its third Asia property fund from the state of Florida in the fourth quarter of 2021, part of nearly $2.4 billion in fresh commitments to the vehicle during the period.

… Read More>>

Orchard Towers

Orchard Towers Owners Said Ready to Set $1.2B Price on Singapore Commercial Project

2022/02/04 by Beatrice Laforga Leave a Comment

The proposed collective sale of one of Singapore’s most infamous centres of sin is ready to take a step forward with owners of units in Orchard Towers reportedly set to vote on a recommended reserve price of S$1.6 billion ($1.2… Read More>>

SUNeVision-iAdvantage-Hong-Kong-Fanling-Data-Center

Singapore Named Second-Best Data Centre Market Globally as Hong Kong Rejoins Top 10

2022/02/04 by Christopher Caillavet Leave a Comment

Hong Kong has re-entered the ranks of the top 10 data centre markets worldwide after a one-year absence, while Singapore remains Asia Pacific’s premier server-hosting hub despite supply constraints, according to a Cushman & Wakefield report.

Singapore moved up two… Read More>>

Guoco Midtown2

Singapore Office Rents Expected to Rise By Up to 5% in 2022

2022/02/04 by Beatrice Laforga Leave a Comment

Office rents in Singapore’s central region are predicted to jump by 3 to 5 percent this year on tight supply, improved leasing sentiment and a bigger portion of the workforce returning to the office, according to analysts at Knight Frank… Read More>>

Fusheng's Pan Weiming

Mainland Developer Fullsun Says Creditors Have Seized Hong Kong Project

2022/02/03 by Pawara Laothamatas Leave a Comment

Hong Kong-listed Fullsun International lost control of its maiden investment in the city this week, with the developer announcing on Monday that receivers have been appointed for its 79-unit residential asset at 6 La Salle Road.

The remaining units and… Read More>>

Ascott chief executive officer Kevin Goh

CapitaLand’s Ascott Sets Up $150M US Student Housing Venture With Saudi Partner

2022/02/03 by Christopher Caillavet Leave a Comment

Singapore-based The Ascott Ltd will expand its US student housing empire through a $150 million development venture with Saudi investor Riyad Capital, starting with an apartment complex near the flagship university of the state of Nebraska.

Ascott, the rental housing… Read More>>

Ong Jeun Jye Sun Venture

Singapore’s Sun Venture Closes on $201M Buy of WeWork London Asset

2022/02/03 by Beatrice Laforga Leave a Comment

Singapore’s Sun Venture has completed its acquisition of a freehold office building in central London from WeWork Capital Advisors for £148 million ($201 million), keeping up a string of acquisitions by Asian investors that helped drive a record 15 trades… Read More>>

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