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URA chief executive officer Lim Eng Hwee

Singapore’s URA Launches Tenders for Pair of Residential Sites

2024/05/30 by Christopher Caillavet Leave a Comment

Singapore’s Urban Redevelopment Authority on Thursday released two residential sites under the Government Land Sales programme, including the first plot to be used entirely for long-stay rental apartments, as the city-state seeks to boost the supply of living spaces.

The… Read More>>

Yoshiyuki Chosa of GLP

GLP-Backed Ada Breaks Ground on Second Building at Tokyo Data Centre Campus

2024/05/30 by Christopher Caillavet Leave a Comment

Ada Infrastructure has begun construction of the second of three planned buildings at its Tokyo West 1 campus, with the GLP-backed business targeting a combined IT load capacity of 31 megawatts for the finished project.

The first building, which has… Read More>>

Hiew Yoon Khong of Mapletree

Mapletree Posts $427M Loss as Global Office Assets Take Valuation Hit

2024/05/30 by Christopher Caillavet Leave a Comment

Singapore’s Mapletree reported a net loss of S$577.2 million ($427.7 million) for its fiscal year to the end of March, reversing a year-earlier net profit of S$1.1 billion, as the real estate investor marked down asset values amid a global… Read More>>

nicholas allen link reit chairman

Link REIT Books 11% Annual Revenue Growth, Swings to HK$2.5B Loss on Markdowns

2024/05/29 by Kevin He 1 Comment

Link REIT, Asia’s largest property trust by market cap, posted a loss of HK$2.5 billion for the fiscal year ended March 2024, as valuation markdowns on its investment properties overshadowed an 11 percent annual increase in revenue.

The HKEX-listed trust… Read More>>

Sekisui House president and CEO Yoshihiro Nakai

Sekisui House Selling Seattle Apartment Complex to Japan REIT for $328M

2024/05/29 by Christopher Caillavet Leave a Comment

Fresh off becoming America’s fifth-largest homebuilder, Japanese developer Sekisui House is selling a Seattle luxury apartment complex to the company’s sponsored REIT for $328 million.

The Ivey on Boren comprises 406 rental units in the heart of Washington state’s biggest… Read More>>

DWS Names Matthias Naumann CIO for Asia Pacific Real Estate

2024/05/29 by Kevin He Leave a Comment

DWS is signaling its growth aspirations in Asia with the appointment of Matthias Naumann as chief investment officer of Asia Pacific real estate, marking the first time the German investment manager has stationed a dedicated real estate CIO in the… Read More>>

Kenneth Gaw, Gaw Capital Partners

Mingtiandi-Sponsored SEAHIS Event to Draw 300 Hotel Investors to Bangkok

2024/05/29 by Michael Cole Leave a Comment

Hotels were the only segment of Asia Pacific’s real estate market to see an increase in asset trades last year and a conference of hospitality investors happening in mid-June will explore the forces driving these deals.

SEAHIS, which is expected… Read More>>

Sherman Kwek of CDL

CDL Buying Singapore’s Delfi Orchard for $326M on Way to Redevelopment Project

2024/05/28 by Michael Cole Leave a Comment

Singapore’s City Developments Ltd is on its way to adding one more redevelopment project to a rapidly transforming Orchard Road after winning a tender for a commercial building along the city-state’s famed shopping street.

The developer known as CDL was… Read More>>

Jean Kam, incoming CEO of Mapletree Logistics Trust's manager

Jean Kam Named CEO at Mapletree Logistics Trust, Succeeding Ng Kiat

2024/05/28 by Christopher Caillavet Leave a Comment

The manager of Mapletree Logistics Trust has tapped the Singapore-listed REIT’s head of investment, Jean Kam, to serve as the next CEO.

Kam succeeds Ng Kiat, who is stepping down on 22 July to assume new responsibilities at sponsor Mapletree… Read More>>

IOI Properties Singapore CEO Lorraine Shiow

IOI Properties Taps Former Frasers Executive Lorraine Shiow to Lead Singapore Business

2024/05/28 by Christopher Caillavet Leave a Comment

Malaysia’s IOI Properties Group is strengthening its Singapore commitment with the hiring of Lorraine Shiow as the developer’s chief executive in the Lion City.

Shiow’s appointment to the newly created position will support long-term plans for continued expansion of the… Read More>>

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