Keppel REIT continues to ramp up its presence Down Under with the Singapore-listed trust now in talks to buy into an office tower near Sydney’s Circular Quay owned by a Mirvac fund, according to market sources.
Keppel REIT is in… Read More>>
Keppel REIT Posts 2% DPU Drop as Borrowing Costs Rise, Interest Income Slumps
Singapore-listed Keppel REIT posted a 2 percent drop in distribution per unit for 2023 as borrowing costs jumped 16 percent and interest income plunged 70.9 percent.
Full-year net property income rose 3.7 percent to S$182.4 million ($136.2 million), boosted by… Read More>>
Creditors of China’s Kaisa Could Face 95% Loss and More Asia Real Estate Headlines
A pioneer of Chinese developer defaults is said to be warning that creditors would lose 95 percent of their money if the company is liquidated, with that story leading today’s collection of real estate headlines from around the region. Also… Read More>>
Asia Real Estate People in the News 2023-10-02
A man pegged to be Singapore’s next prime minister leads this week’s review of personnel updates in the region as Lawrence Wong takes on a new role at sovereign fund GIC. Also making our list is a top-level change at… Read More>>
Blackstone Pulls Sale of JP Morgan Sydney HQ and More Asia Real Estate Headlines
The world’s biggest landlord leads Mingtiandi’s headline roundup today as Blackstone is reported to have shelved its attempt to sell JP Morgan’s Australian headquarters in Sydney’s central business district. Also making the news, investors are selling down Dalian Wanda Group’s… Read More>>
Keppel REIT Enters Japan Market with $60M Ginza Office Buy
Keppel REIT is entering the Japanese market with a S$85.7 million ($60.5 million) acquisition on the capital’s most famous shopping street, according to an announcement by the manager of the Singapore-listed trust late Friday.
The REIT is set to acquire… Read More>>
Singapore Mortgages Chip Away at Monthly Income and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Moody’s reports that Singapore homeowners are using more of their income to service mortgages, Hong Kong’s URA invites dozens of developers to a Sai Ying Pun project tender, and SGX-listed Keppel REIT posts… Read More>>
Blackstone Lines Up Banks for India Mall REIT IPO and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Blackstone reportedly selects banks to lead an India mall REIT IPO, second-tier Chinese cities do an about-face after scrapping homebuying curbs, and Lendlease finishes building a North Sydney office tower for Keppel REIT.
Kaisa Reports Progress Repaying $18B in Debt and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, debt-saddled developer Kaisa Group is making progress in restructuring some $18 billion in borrowings after defaulting on its offshore bonds, as Singapore-listed Keppel REIT posts a 1 percent year-on-year increase in distribution per… Read More>>
Equinix Completes $86M Upgrade of SG Data Centre and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Equinix completes an expansion of its fifth data centre in Singapore, Abu Dhabi’s sovereign wealth fund takes a stake in an Indian private equity firm, and Hong Kong developers cut prices to boost… Read More>>