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Ruban Kaneshamoorthy of Brookfield

Brookfield Acquiring Brisbane Hotel for $58M as APAC Hospitality Sector Shines

2024/12/05 by Michael Cole Leave a Comment

Brookfield Asset Management is expanding its bets on hospitality in Asia Pacific with the Canadian giant announcing on Thursday that it has agreed to acquire a hotel in Brisbane, Australia.

The Toronto-based firm is buying the Hotel X Brisbane Fortitude… Read More>>

Starwood Capital chairman and CEO Barry Sternlicht (Getty Images)

ESR Buyout Consortium Makes $7.1B Binding Offer

2024/12/05 by Michael Cole Leave a Comment

A consortium of investment firms including Starwood Capital, Sixth Street Partners, SSW Partners, the Qatar Investment Authority and Warburg Pincus has made a binding offer to buy out ESR which values the industrial developer and fund manager at nearly $7.1… Read More>>

Bain-Backed Bridge Data Centres Signs 400MW Power Deal for New Malaysia Facility

2024/12/04 by Christopher Caillavet Leave a Comment

Bridge Data Centres has secured 400 megawatts of electricity under an agreement with Malaysia state electric company TNB, which will provide power for the Bain Capital-backed operator’s latest facility in Johor.

Dubbed MY07, the under-construction project in Johor’s Ulu Tiram… Read More>>

Chuan Grove

Singapore’s URA Releases Four Sites to Supply 1,535 Homes as Sales Show Strength

2024/12/04 by Christopher Caillavet Leave a Comment

Singapore’s Urban Redevelopment Authority on Tuesday released four sites under the Government Land Sales programme with potential to yield 1,535 homes, testing builders’ appetite for new projects as residential sales gain steam.

The site at Chuan Grove in the city-state’s… Read More>>

Sime Darby Property managing director, Dato’ Azmir Merican

Google to Develop More Malaysia Data Centres with Sime Darby

2024/12/03 by Christopher Caillavet Leave a Comment

Two months after breaking ground on Google’s first data centre in Malaysia, Sime Darby Property has announced a fresh build-and-lease agreement that will see the development of additional facilities for the US tech giant.

The deal builds on the collaboration… Read More>>

Namgoong Hoon Mastern

Korea’s Mastern Sells Central Seoul Office Tower to NH REITs for $653M

2024/12/03 by Christopher Caillavet Leave a Comment

Mastern Investment Management has completed the sale of a four-year-old office building in Seoul’s central Jongno district to NongHyup REITs for $653 million.

The transaction of D-Tower Donuimun is 2024’s biggest deal closing in the Seoul central business district and… Read More>>

Ming Mei

GLP China Said Mulling Hong Kong IPO Next Year

2024/12/03 by Christopher Caillavet Leave a Comment

GLP is said to be considering a listing of its China unit on the Hong Kong stock exchange as early as next year, following the recent proposed sale of the industrial specialist’s ex-China fund business to US-based Ares Management.

GLP… Read More>>

Eric Ma Siu-cheung

New World Selling Sports Complex Stake to Cheng Family for $53M as CEO Exits

2024/12/01 by Christopher Caillavet Leave a Comment

Hong Kong’s New World Development has agreed to sell its entire interest in a sports complex at the former Kai Tak Airport site to Chow Tai Fook Enterprises, the private holding firm of New World’s controlling Cheng family, for HK$416.7… Read More>>

Satoshi Yamaguchi, president and CEO of Prologis REIT

Prologis Selling Greater Tokyo Shed to Japan REIT for $260M

2024/11/30 by Christopher Caillavet Leave a Comment

Logistics giant Prologis has agreed to sell a five-storey warehouse in Chiba prefecture to the group’s Tokyo-listed REIT for JPY 39 billion ($260 million).

Nippon Prologis REIT is exercising its exclusive negotiation rights to acquire Prologis Park Yachiyo 1, the… Read More>>

Weave Living founder and CEO Sachin Doshi

Weave Living Reunites With KKR to Add 3,000 Rental Units in Japan

2024/11/28 by Christopher Caillavet Leave a Comment

Building on their partnership in South Korea’s rental housing market, Weave Living and investment giant KKR have teamed up once again on a multi-family programme aiming to assemble a portfolio of more than 3,000 units in Japan.

The venture is… Read More>>

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