US defaults and Korean delays lead today’s collection of real estate headlines from around the region, as Brookfield fails to make payment on debt linked to a Washington DC area office portfolio and sources in Seoul says a KKR joint… Read More>>
Singapore’s Centurion Sells Seoul Student Housing Asset to Exit South Korea
Singapore-based Centurion Corp has sold off its sole student housing property in South Korea in a deal valued at KRW 21.25 billion ($16 million), as the rental residential specialist narrows the scope of it student accommodation strategy.
Centurion, together with… Read More>>
IGIS Asia Raising Total of $630M for Life Science Ventures
IGIS Asia Investment Management, the Singapore-based investment arm of South Korea’s IGIS Asset Management, has teamed up with a leading Korean biopharmaceuticals group to launch a new platform for life science real estate investments across Asia Pacific.
The venture, which… Read More>>
IGIS Asia Closes 2nd Data Centre Fund at $151M
IGIS Asia Investment Management, the pan-Asia fund management arm of South Korea’s IGIS Asset Management, has closed on its second data centre fund with a haul of KRW 190 billion ($151 million) as the Greater Seoul area emerges as a… Read More>>
Singapore’s Mercatus Trims Back Mall Disposal Plan and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, NTUC is said to be scaling back the planned sale of its mall portfolio in Singapore, while the city-state’s heavy-hitting sovereign investors are reportedly in talks to lend support to a $10 billion… Read More>>
QuadReal Teams With IGIS Asia on $1B Korean Logistics Development JV
Canada’s QuadReal Property Group and Singapore-based IGIS Asia Investment Management have formed a $1 billion joint venture to develop logistics assets in South Korea, home to IGIS AIM’s parent group.
QuadReal will provide the majority of the JV’s capital, with… Read More>>
CLCT Posts 30% Rise in Property Income and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, CapitaLand China Trust reports a sharp rise in first-quarter earnings, the final battle takes shape among bidders for IFC Seoul, and a Chinatown asset could break the record for Singapore’s biggest-ever shophouse transaction.
Wanda’s Mall Unit Said to Delay $3B IPO and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, a report throws doubt on the planned Hong Kong IPO of Dalian Wanda’s mall unit, Chinese developer Logan makes an interest payment on an ailing bond, and private equity major KKR backs an… Read More>>
Blackstone Sells Stake in India REIT to ADIA and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, private equity titan Blackstone sells out of its stake in an Indian office REIT, troubled China Evergrande settles into a new headquarters in a familiar city, and a Korean construction group ploughs cash… Read More>>
Korea’s IGIS Adds DC-Area Multi-Family Asset to North American Portfolio
South Korea-based IGIS Asset Management has acquired a 520-unit multi-family asset in Alexandria, Virginia in partnership with US investor Timberline Real Estate Ventures, placing a bet on rental residential in one of America’s priciest cities for housing.
Located 10 miles… Read More>>