GIC is teaming up with a Canadian partner to buy out Toronto-listed Summit Industrial Income REIT for C$5.9 billion ($4.37 billion), as the Singaporean sovereign wealth fund makes its second mega-investments in logistics real estate in less than a week.
ESR Buys Out Mitsui Stake in ESR-Logos REIT as Trust Sells SG Property for $25M
ESR Group is acquiring a minority stake in the manager of ESR-Logos REIT from Japan’s Mitsui & Co as the Hong Kong-listed logistics giant takes virtually full control of the entity just four months after the enlarged trust was formed… Read More>>
APAC Industrial Property Investment Plunges 62% as Yields Fizzle
Investment in Asia Pacific industrial property totalled $7.2 billion in the second quarter, plunging 62 percent from the record levels achieved during the same period a year earlier, as higher borrowing costs and swelling asset values compressed yield spreads in… Read More>>
Singapore Industrial Investments Down 5% In Q2, Leasing Fell by a Third
Prolonged global uncertainties and tight domestic supply are hitting Singapore’s industrial real estate market, pulling down property investment deals in the sector by 4.9 percent in the second quarter to S$661.5 million ($472 million) while tempering leasing activity by a… Read More>>
APAC Industrial Deals Reached Record $56.4B in 2021 Says RCA
Asia Pacific’s industrial real estate market outpaced pre-COVID levels for the second year in a row in 2021, with the value of shed purchases in the region soaring 82 percent from a year earlier to reach a record-high of $56.4… Read More>>
JLL Hires Tan Boon Leong, Ng Ee Kiat to Bolster Singapore Industrial Team
After bringing aboard Tom Woolhouse earlier this year to lead its Singapore-based logistics and industrial team for Asia Pacific, JLL has made two more outside hires to boost its shed-shifting power.
Tan Boon Leong and Ng Ee Kiat, both jumping… Read More>>
SLB Development Picks Up Singapore Industrial Site for S$112.5M
Singapore’s light industrial assets continued to find favour with investors last week as a developer listed on the city’s Catalist exchange picked up a plot in the city’s Bukit Merah district for S$112,500,000 ($83 million).
SLB Development has agreed to… Read More>>
China Mobile Outbid Local Tycoons by 56% for Hong Kong Data Centre Site
When China Mobile snapped up a New Territories industrial site for HK$5.6 billion ($464 million) at a government auction last month, the mainland telecom giant outbid its closest competitor by nearly 56 percent, according to an announcement by the Lands… Read More>>
Troubled Developer Forise Intl Discloses CEO Departure and More Asia Real Estate Headlines
A Singapore-listed mainland developer leads Mingtiandi’s roundup of real estate headlines today with the disclosure that its 31-year-old CEO had left the company four months ago after disclosing that it also seems to have lost its executive chairman.
In other… Read More>>
Chiaphua Buys Hong Kong Workshop for HK$150M as Industrial Market Grows
Hong Kong conglomerate Chiaphua Industries has this month acquired a 25-year-old industrial building in the Fanling area of the New Territories for HK$150 million ($19.2 million), as aging sheds with revitalisation potential continue to lure investors.
The seven-storey building at… Read More>>
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