Asia real estate and outbound investment news
The manager of Frasers Centrepoint Trust and its sponsor, Singapore-listed property developer Frasers Property, have teamed up to acquire a 50 percent stake in the largest mall in northeast Singapore from Mercatus Co-operative Ltd for S$652.5 million ($497 million).
FCT’s… Read More>>
Global fund manager L Catterton has taken a stake in an Osaka redevelopment project led by Japanese property group Hulic as an upswing in international investment in Japanese real estate spreads to the country’s third-largest city.
The 28-storey building in… Read More>>
Singapore’s private home prices inched up 0.4 percent in the fourth quarter of 2022 compared with levels in the prior three months to record the slowest growth pace in more than two years, according to data from the Urban Redevelopment… Read More>>
Dalian Wanda Group’s billionaire chairman, Wang Jianlin, has pledged his entire 65 percent stake in the Chinese conglomerate’s hotel division as collateral to secure a loan for another Wanda subsidiary from Singaporean state holding firm Temasek.
Companies controlled by Temasek… Read More>>
A mere month after an Orchard Road commercial building set a new city-wide mark, an office tower in downtown Singapore has recorded its highest-ever price paid per square foot after a set of strata units in the building sold for… Read More>>
British asset management giant Schroders has sold a 15-storey office tower in Hong Kong’s Mong Kok area for HK$350 million ($44.8 million), more than three years after the property went on sale for double the price, according to local news… Read More>>
PAG and Mapletree Investments said Thursday that they have agreed to form a joint venture to acquire Hong Kong’s Goldin Financial Global Centre from the property’s receivers for HK$5.6 billion ($713 million), confirming a Mingtiandi report from last month.
The… Read More>>
Singapore’s Income Insurance has tapped CBRE Investment Management to manage its $3 billion real estate portfolio, according to a statement on Wednesday, with the news coming just two weeks after its sister company, Mercatus Co-operative, sold a pair of malls… Read More>>
PGIM Real Estate on Wednesday announced the hiring of Eileen Yong as deputy portfolio manager for the firm’s Asia core strategy.
Carrying the title of executive director, Yong most recently was a senior fund manager at LaSalle Investment Management and… Read More>>
CapitaLand today announced the largest expansion yet of its renminbi fund management business with the acquisition of a Tishman Speyer office complex in Shanghai at a value of RMB 7.6 billion ($1.1 billion).
CapitaLand Investment’s (CLI) China Business Park Core… Read More>>
