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Hoi Hup, Wong Swee Chun

Singapore’s Hoi Hup Sells London Office Building at Marked Down $100M

2021/11/30 by Christopher Caillavet Leave a Comment

Singapore-based Hoi Hup Realty has sold the first overseas asset it ever bought, an office building near the northern tip of the City of London, for £75 million ($100.1 million), unloading the property at a £2 million markdown.

Hoi Hup… Read More>>

Forest, ALP, C&W, Yardi See Warehouse Technologies Becoming the Norm: MTD TV Property Innovation Forum 2021

2021/11/30 by Christopher Caillavet Leave a Comment

https://player.vimeo.com/video/651414406?h=2ddc1a2441Video can’t be loaded because JavaScript is disabled: Mingtiandi Property Innovation Forum: Tech Adoption in Logistics Real Estate (https://player.vimeo.com/video/651414406?h=2ddc1a2441)

There’s no turning back for warehouse operators after the COVID-19 pandemic propelled adoption of efficiency-boosting technologies like automated… Read More>>

John Stewart digital core

Digital Realty Data Centre REIT Poised to Raise $600M in Singapore’s Top IPO of 2021

2021/11/29 by Christopher Caillavet Leave a Comment

US-based Digital Realty is putting the finishing touches on the IPO of a global data centre REIT with a view to raising $600 million, a capital haul that could overtake the recently listed Daiwa House Logistics Trust as Singapore’s largest… Read More>>

Stan Tang

Blackstone Buys Hong Kong Industrial Building for Self-Storage JV

2021/11/29 by Beatrice Laforga Leave a Comment

US private equity giant Blackstone on Thursday closed on the purchase of its third Hong Kong industrial building this year, picking up a property in Shau Kei Wan held by the family of late “Shop King” Tang Shing-bor to add… Read More>>

Ma Ah-muk

Hong Kong’s Minibus King Sells Kwun Tong Industrial Building for 35% Off

2021/11/28 by Pawara Laothamatas Leave a Comment

Hong Kong’s local investors are taking advantage of the city’s accelerating industrial market, with “Minibus King” Ma Ah-muk recording an en-bloc disposal of a Kwun Tong industrial building this month for HK$390 million ($50 million), or HK$6,657 per square foot.

… Read More>>

Keiichi Yoshii daiwa house president and ceo

Daiwa House Logistics Trust’s Singapore IPO 9.5 Times Subscribed

2021/11/28 by Christopher Caillavet Leave a Comment

Units of Daiwa House Logistics Trust began trading Friday afternoon on the Singapore Exchange after the Japan-focused industrial REIT’s IPO proved a smash hit with investors.

Priced at S$0.80 per unit, the public offering comprised an international placement of 219,438,000… Read More>>

sherman kwek CDL

CDL Buys Residential Site in Singapore’s Upper Bukit Timah for $93M 

2021/11/28 by Beatrice Laforga 4 Comments

A unit of SGX-listed developer City Developments Ltd (CDL) has secured the rights to a pair of commercial properties in Upper Bukit Timah for S$126.3 million ($92.5 million), a move that could pave the way for a new condominium tower… Read More>>

Claire Cormier Thielke, Managin Director, Asia Pacific, Hines

Hines Fund Buys Butterfly Hotel in Hong Kong to Create Co-Living Complex

2021/11/25 by Christopher Caillavet Leave a Comment

US developer Hines has acquired Butterfly on Prat, a 158-room hotel in Hong Kong’s Tsim Sha Tsui area, which the firm plans to convert into a co-living flagship to be managed by local residential operator Dash Living.

The 18-storey asset… Read More>>

Kaisa Kwok Ying-shing

Kaisa Selling Kai Tak Site to New World-Far East Consortium JV for $1B

2021/11/25 by Pawara Laothamatas Leave a Comment

Cash-strapped Kaisa Group is the latest mainland developer to offload assets in a scramble to repay debts, as the Shenzhen builder has now agreed to sell its half stake in a once-prized residential site on Hong Kong’s former Kai Tak… Read More>>

Keith Fujii Lasalle

LaSalle Raises $290M for Japan Fund, Adds Apartments, Warehouse

2021/11/25 by Beatrice Laforga Leave a Comment

LaSalle Investment Management has secured JPY 33 billion ($289 million) in fresh funds for its open-ended Japan fund and added eight industrial and residential assets to the venture as Asia’s second largest economy continues to find favour with property investors.

… Read More>>

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