In this edition of our regional news roundup, South Korean investors move a step closer to losing their shirt on a Las Vegas bet, Singapore’s finance minister sounds the alarm on ultra-low interest rates, and Hong Kong-listed Chinese tech firms… Read More>>
Ascendas India Trust Buying Amazon-Leased Hyderabad Offices for $70M
Ascendas India Trust on Tuesday announced that it has agreed to purchase an office building in Hyderabad, India leased almost entirely to online giant Amazon as the CapitaLand-managed REIT continues to build its tech space portfolio on the subcontinent.
The… Read More>>
Savills IM Paying $79M to Add Polish Warehouse to Vestas Logistics Fund
Savills Investment Management on Monday said it had exchanged contracts to acquire a logistics property in Poland for a Korean-backed fund at a price of €65.5 million ($79.6 million).
The transaction is Savills IM’s second on behalf of Vestas European… Read More>>
CK Asset Sells Asia’s Priciest Apartment at $59M and More Asia Real Estate Headlines
In Mingtiandi’s latest roundup of regional news headlines, a luxury Hong Kong apartment changes hands for a record-breaking price, a Chinese provincial court gives the go-ahead to HNA Group’s restructuring, and Singapore notches its strongest January home sales in eight… Read More>>
Japan Deals Jumped 37% as North Asia Led Q4 2020 Investment Rebound
North Asia proved to be the most resilient slice of the Asia Pacific region in the fourth quarter of 2020 as Japan, China and South Korea recorded a jump in real estate transactions, according to research by JLL.
Drawing on… Read More>>
Sydney and Singapore Join World’s Top 10 Data Centre Markets
Sydney and Singapore rank among the world’s premier data centre markets, claiming the third and fifth spots in a top 10 dominated by US cities, according to research by Cushman & Wakefield.
For its study, the property consultancy evaluated 1,189… Read More>>
Lendlease Taps Asia Head Tony Lombardo to Succeed Group CEO Steve McCann
Australian real estate group Lendlease is looking to Asia for its future, as the ASX-listed firm on Thursday announced that Tony Lombardo would become its new group chief executive from 31 May.
Lombardo, who is currently based in Singapore as… Read More>>
Fifth Wall Launches First Proptech SPAC With $345M IPO
Proptech investment firm Fifth Wall this past week celebrated the closing of the $345 million IPO for the venture capital firm’s first special purpose acquisition company (SPAC), the built-world-oriented Fifth Wall Acquisition Corp I.
Trading on the NASDAQ exchange under… Read More>>
GIC Pays Brookfield $170M for 25% Stake in Perth Office Project
GIC has signalled its continued interest in Australia with the purchase of a quarter stake in Chevron’s under-construction headquarters building in Perth from asset management firm Brookfield.
The Singaporean sovereign wealth fund agreed to pay A$220 million ($170.3 million) for… Read More>>
BlackRock Names Rachel Lord APAC Chair as Buckingham Steps Down
The world’s largest asset manager has named new leadership for the globe’s fastest growing financial market as BlackRock named Rachel Lord as its new chair for Asia Pacific on Tuesday.
Lord, who currently heads Europe, the Middle East and Africa… Read More>>
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