Asia real estate and outbound investment news
Singapore’s CapitaLand Commercial Trust (CCT) is making its first foray outside of Asia to pick up a 38-storey, grade A commercial tower in Frankfurt, Germany for €356 million ($420.8 million).
CCT, Singapore’s largest commercial REIT by market cap, will take… Read More>>
Frasers Property has purchased a portfolio of 22 industrial properties in Germany and Austria for $353 million, as the developer formerly known as Frasers Centrepoint adds to its European platform.
The Singapore-listed firm announced Monday that it has agreed to… Read More>>
Singaporean developer CapitaLand has made its first bet on a commercial property in Germany, teaming up with construction firm Lum Chang to buy an office building in Frankfurt for €245 million ($293 million).
The duo is picking up the property… Read More>>
With investors from China still hobbled by that country’s restrictions on capital outflows, the mainland slowdown is leaving the stage open for buyers from one of Asia’s smallest nations to land deals in a growing list of locations.
Today, the… Read More>>
A trust affiliated with City Developments Limited (CDL), the Singaporean property heavyweight, is taking its first piece of continental Europe’s real estate market by buying the Pullman Hotel Munich for €98.9 million (about $112.3 million), the company announced this week.
Dalian Wanda Group, the property and entertainment conglomerate run by China’s richest man, Wang Jianlin, today denied reports that it was preparing a bid for Germany’s Postbank.
In a statement on its website, the Chinese firm said, “Media reports that… Read More>>
Chinese investment conglomerate Fosun has acquired a 34,000 square metre (366,000 square foot) office complex in the German city of Frankfurt for just over Euro 50 million ($53.5 million) from New York’s Fortress Investment Group, according to recent reports in… Read More>>
Two of China’s biggest international real estate investors are said to be facing off in a contest to acquire an 18 building commercial strip in downtown Berlin that has been put on the market for 1.5 billion euros ($1.6 billion).
First it was London, and then New York. Now China’s real estate investors have moved on to Munich, as an agency managing the country’s foreign reserves is said to be acquiring an office park in the German city for $630… Read More>>
Asian investors seem to have discovered Germany’s real estate market last year as purchases of Germany property reached $1.27 billion in 2013.
While still a fraction of the sums put into the US or UK markets, the new investment record… Read More>>
