Keppel DC REIT has agreed to buy a data centre in the digital capital of Europe for €81.8 million ($91 million), according to a stock exchange filing.
The Singapore-listed REIT said that it had entered an agreement to acquire a… Read More>>
Mirae Sells Germany’s Cologne City Hall for €500M
Korean investment manager Mirae Asset Global Investments has sold the Cologne city hall to Germany’s DIC Asset AG for €500 million ($555 million), achieving a 27 percent capital gain after holding the asset for just over three and a half… Read More>>
Mapletree Sells Japan Offices to Commercial REIT for S$483M and More Asia Real Estate Headlines
Singapore’s Mapletree Investments leads today’s real estate news in the region as it announces a helping hand for one of its affiliated REITs, which is suffering a shaky patch in Hong Kong, by selling a pair of its Tokyo office… Read More>>
BHG Retail REIT Proposes S$455M Beijing Mall Buy and More Asia Real Estate Headlines
Despite tales of retail woe from around the region, an announcement of the impending purchase of a Beijing shopping mall leads our headline roundup today, as a Singapore-listed REIT adds to its portfolio.
Also in the news, Hong Kong recorded… Read More>>
GIC JV Snaps Up Landmark Berlin Hotel for €126M
Less than a month after GIC picked up a trophy office tower in Paris, the Singapore sovereign wealth fund has teamed up with Caleus Capital Investors to acquire a landmark hotel in Berlin in an off-market transaction.
The joint venture… Read More>>
Blackstone Said to Choose Hana as Preferred Bidder for $1.1B German Complex
Blackstone is preparing to sell Germany’s largest office building to a Korean investor, with Hana Financial Investment said to have entered into exclusive negotiations to purchase a Frankfurt property from the US investment giant for KRW 1.3 trillion (1.1 billion).
Frasers Property Selling A$645M in German, Aussie Warehouses to Logistics Trust
Frasers Logistics and Industrial Asset Management has entered into agreements with subsidiaries of Frasers Property to acquire 12 freehold logistics properties in Germany and Australia on behalf of Frasers Logistics & Industrial Trust (FLT) at a value of A$644.7 million… Read More>>
CDL Affiliate First Sponsor Buys Dresden Hotel for €49.5M
Singapore-listed hotel investment firm First Sponsor late last week announced the acquisition of the Westin Bellevue Hotel in Dresden, Germany for €49.5 million ($55 million), a purchase which adds to the close to €400 million the CDL Group affiliate has… Read More>>
CapitaLand Commercial Trust Lands in Europe with $421M Frankfurt Office Deal
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 Acquires German Developer Alpha Industrial for $353M
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>>
