Singapore’s world famous airport is about to add capacity for another 50 million passengers, with that story leading Mingtiandi’s headline roundup today. Also in the news, Centaline Group confirms its purchase of Kowloon hotel and France’s Carrefour is ready to… Read More>>
GIC, Xander Buy India Business Park from Pimco Prime JV for $260M
Private equity firm Xander Investment Management announced on Wednesday that a partnership involving the company has acquired the Waverock office campus in the southern India city of Hyderabad from a Shapoorji Pallonji Group fund for INR 22 billion ($260 million),… Read More>>
CapitaLand India Trust Boosts Hyderabad Bets with Latest Business Park Acquisition
CapitaLand India Trust (CLINT) is set to add to its collection of 12 office buildings in Hyderabad after announcing a fresh deal with long-time partner Phoenix Group this past week.
In a bourse filing Friday, the trustee-manager of the SGX-listed… Read More>>
GIC Buying Back India Business Park From Pimco Prime Partnership for $259M
GIC is returning to familiar territory with an agreement to acquire a southern India business park from a fund managed by Europe’s Pimco Prime Real Estate after being part of a partnership which sold the Hyderabad asset to that venture… Read More>>
Singapore’s CapitaLand Investment Unveils India Business Park, Data Centre
Singapore property heavyweight CapitaLand Investment (CLI) continues to deepen its presence in India as it opens the first phase of a business park redevelopment project in Hyderabad and kicks off construction of a 40 megawatt data centre on the same… Read More>>
CapitaLand India Trust To Invest $155M in 36MW Hyderabad Data Centre
An India-focused property trust managed by Singapore’s CapitaLand Group is committing around INR 12 billion ($155 million) to build a 36 megawatt data centre in Hyderabad, as it ramps up its digital infrastructure footprint in Asia’s third largest economy.
SGX-listed… Read More>>
Ascendas India Trust Buying Amazon-Leased Hyderabad Offices for $70M
Ascendas India Trust on Tuesday announced that it has agreed to purchase an office building in Hyderabad, India leased almost entirely to online giant Amazon as the CapitaLand-managed REIT continues to build its tech space portfolio on the subcontinent.
The… Read More>>
Luxury Brands Head Back Into China’s Lower-Tier Cities and More Asia Real Estate Headlines
In Mingtiandi’s latest roundup of regional news headlines, consumers in China’s lower-tier cities are embracing global luxury brands, Singapore says foreign buying of homes fell to a 17-year low in 2020, and Thailand approves property tax and fee cuts to… Read More>>
Hong Kong Tops Housing Misery Index for 10th Year and More Asia Real Estate Headlines
A survey shows that while Hong Kong’s leadership may have lost the plot regarding what makes a great financial centre, they continue their mastery of creating a housing shortage as the city ranks as the world’s least affordable place to… Read More>>
Allianz Fund Buys India Office Complex from Tishman Speyer, GIC for $250M
A fund backed by Allianz Real Estate and Indian developer Shapoorji Pallonji Group has notched India’s biggest commercial real estate deal of the year as the managers of the investment vehicle have agreed to purchase a landmark Hyderabad office development… Read More>>