Asia Pacific real estate investment news and information
One month after Singapore authorities said they would begin requiring employers to facilitate employee requests for flexible work, global banking giant Citigroup is reported to be considering shrinking its footprint in one of the city-state’s priciest commercial hubs.
Citi is… Read More>>
Hongkong Land warned Thursday that its first-half underlying earnings would be “significantly lower” than in the year-earlier period, primarily due to deteriorating market conditions in mainland China’s residential sector.
The developer’s attributable interest in contracted sales in the first quarter… Read More>>
LaSalle Investment Management has teamed up with a local investor and developer to acquire a commercial site in Seoul for KRW 155 billion ($110 million), as the Korean capital’s office towers continue to be a top draw with investors globally.
Less than two months after a mainland Chinese buyer walked away from a deal to buy the Far East Shopping Centre on Singapore’s Orchard Road, the committee representing the owners of the strata-title property has received a new offer said… Read More>>
With shares of Cushman & Wakefield up more than 40 percent in the past 12 months, Texas-based TPG and Hong Kong’s PAG plan to sell their entire shareholding in the global property consultancy, despite the stock remaining 38 percent below… Read More>>
A joint venture controlled by New York’s Rockefeller Group has agreed to sell a pair of office buildings on Shanghai’s Bund waterfront to an online insurer backed by Ant Financial, Tencent and Ping An, with the HKEX-listed firm vowing to… Read More>>
Seoul continues to stand out as Asia’s hottest market for office properties with Singapore’s CapitaLand Investment now in late stage negotiations for the acquisition of a tower in the Gangnam business district owned by Korea’s NPS for a reported KRW… Read More>>
Brookfield India Real Estate Trust has agreed to acquire a 50 percent interest in four commercial properties in Delhi and Gurugram from Bharti Enterprises for INR 60 billion ($720 million).
The REIT sponsored by Canadian giant Brookfield will assume debt… Read More>>
Australian builder and property investor Lendlease Group has agreed to sell its Asia Pacific life sciences platform to a newly established 50:50 joint venture with US private equity giant Warburg Pincus, as the embattled builder continues to overhaul its business… Read More>>
With Australia’s rental housing market facing a surge in demand on the back of population growth and tight supply, Dutch pension giant PGGM is backing a A$1.5 billion ($1 billion) bet on the country’s burgeoning apartment market.
A property fund… Read More>>
