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unidentified UBS building

Mitsubishi-UBS Japan JV Said Valued at $1.7B and More Asia Real Estate Headlines

2022/02/08 by Pimfha Chandhapradit Leave a Comment

In today’s roundup of regional news headlines, real estate manager Mitsubishi Corp-UBS Realty reportedly contemplates putting itself up for sale, South Korea’s POBA invests in US multi-family assets alongside a California pension fund, and Hong Kong developer Swire Properties reaps… Read More>>

Bruce_McCully

GIC Teams Up With Australia’s Centuria to Buy Brisbane Retail Precinct for $142M

2022/01/30 by Christopher Caillavet Leave a Comment

GIC has agreed to acquire the West Village retail precinct in Brisbane with co-investor Centuria Capital Group for A$202 million ($142 million), as Singapore’s sovereign wealth fund continues to bet big on Australia ahead of the planned mid-year opening of… Read More>>

Charles Meyers

GIC and Equinix Expand Hyperscale Data Centre JV to Korea with $525M Deal

2022/01/27 by Christopher Caillavet Leave a Comment

Singaporean sovereign wealth fund GIC and US data centre firm Equinix have agreed to form a $525 million joint venture to develop and operate two hyperscale facilities in South Korea, following similar initiatives in Europe and Japan.

The pair of… Read More>>

The Residence Inn Durham McPherson/Duke University

ARA US Hospitality Trust Buys US Hotels for $48M and More Asia Real Estate Headlines

2022/01/14 by Pimfha Chandhapradit Leave a Comment

In today’s roundup of regional news headlines, Singapore-listed ARA US Hospitality Trust acquires a pair of North Carolina hotels, sovereign wealth fund GIC awaits a windfall of foreign currency reserves after a rule change, and Google is buying a London… Read More>>

Xu Jiayin Evergrande

Evergrande Seeks to Delay Onshore Bond Payment and More Asia Real Estate Headlines

2022/01/05 by Pimfha Chandhapradit Leave a Comment

In today’s roundup of regional news headlines, embattled China Evergrande seeks a six-month extension for repayment of an onshore bond, a Singapore-listed REIT acquires a set of logistics assets in the UK and the Netherlands, and the biggest-spending sovereign wealth… Read More>>

Xu rongmao

Shimao Downgraded by Fitch, Moody’s and More Asia Real Estate Headlines

2021/12/17 by Pimfha Chandhapradit Leave a Comment

In today’s roundup of regional news headlines, Shimao is the latest mainland developer to be hit with downgrades by key ratings agencies, shareholders baulk at Joseph Lau’s privatisation offer for Chinese Estates, and Singapore’s CDL acquires a residential development site… Read More>>

frank cohen blackstone

Blackstone Buys Out GIC’s Half of $2.5B Dexus Aussie Logistics JV

2021/12/10 by Michael Cole Leave a Comment

Just months after selling Australia’s biggest logistics portfolio of the year, Blackstone is stocking up on more warehouses Down Under with the acquisition of a nearly half share in a joint venture holding 77 properties in the country’s major cities.

… Read More>>

Anthony Mellowes SCA

GIC Sets Up $532M Aussie Convenience Retail Fund With SCA Property Group

2021/12/08 by Christopher Caillavet Leave a Comment

GIC is set to add some retail items to its shopping cart of Australian property acquisitions, as the Singapore sovereign wealth fund teams up with an ASX-listed REIT to launch a convenience centre fund targeting A$750 million ($532 million) in… Read More>>

UBS Financial Services tower, Weehawken, NJ

Korean Investor Buying New Jersey UBS Tower for $219M and More Asia Real Estate Headlines

2021/12/08 by Pimfha Chandhapradit Leave a Comment

In today’s roundup of regional news headlines, a Korean fund manager buys a New Jersey office tower, Singapore’s GIC backs a green loan to fund the Parkline Place project in Sydney, and China’s government sounds the alarm on “disorderly” data… Read More>>

GIC, Charter Hall Buy Canberra Office Tower for Record $236M

2021/12/07 by Beatrice Laforga Leave a Comment

Singapore’s sovereign wealth fund GIC has teamed up with Aussie fund manager Charter Hall to buy an office building in Canberra, Australia for A$335 million ($236.06 million) as it continues to ramp up its investment in the country’s booming office… Read More>>

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