Hong Kong has witnessed its second major sale of an office property in less than 24 hours, with the manager of Mapletree Pan Asia Commercial Trust (MPACT) announcing late Wednesday that it has agreed to sell part of the Festival… Read More>>
Soho China’s Zhang Xin Takes on NYC Project and More Asia Real Estate Headlines
A one-time main character in real estate markets in Beijing and Shanghai has re-emerged in a new city with a report of Soho China’s Zhang Xin taking on an Upper East Side project leading today’s collection of real estate headlines… Read More>>
AirTrunk Looks for More Capital After $10.4B Refinancing and More Asia Real Estate Headlines
More cash for data centres leads today’s review of real estate headlines from around Asia as Blackstone-backed AirTrunk eyes more capital after a $10.4 billion refinancing. Also in the news is the completion of a Tokyo office building sale and… Read More>>
GDS $335M China REIT to Begin Trading on Friday and More Asia Real Estate Headlines
Mainland data centre giant GDS leads today’s roundup of real estate headlines, as the company prepares to debut its $335 million REIT on the Shanghai Stock Exchange this Friday. Also making news, Blackstone to launch a $3.4 billion buyout of… Read More>>
Japan’s Star Asia REIT Sells Osaka Apartment Building and More Asia Real Estate Headlines
Tokyo-listed Star Asia REIT unloads an ageing Osaka apartment building, with that disposal leading today’s headline roundup. Also in the news, Singapore posts private home price growth of less than 1 percent and China’s Country Garden sells a stake in… Read More>>
Asia Real Estate People in the News 2024-11-25
A pan-continental move leads this week’s review of personnel updates from around Asia’s real estate industry with a veteran fund manager taking on fresh responsibilities in a new hemisphere. Also making the list is a resignation at a Tokyo-listed hotel… Read More>>
CapitaLand Ascendas REIT Occupancy Falls to 92% and More Asia Real Estate Headlines
Singapore-listed CapitaLand Ascendas REIT reports falling occupancy as the US portfolio sees more unused space, with that story leading today’s headline roundup. Elsewhere in the world of S-REITS, Frasers Centrepoint Trust posts flat distribution per unit and Mapletree Pan Asia… Read More>>
PAG Buying Mapletree Anson From MPACT for $574M in Singapore’s Biggest Deal of 2024
Mapletree Pan Asia Commercial Trust (MPACT) is selling its flagship office building in downtown Singapore to regional private equity titan PAG for S$775 million ($574 million), in a deal which will rank as the city-state’s largest office transaction in two… Read More>>
Mapletree Pan Asia Commercial Trust DPU Falls 7.3%, Income Jumps Post-Merger
Mapletree Pan Asia Commercial Trust said its distribution per unit fell 7.3 percent in the fiscal year to the end of March, squeezed by higher interest rates, but net property income jumped 15.2 percent on the post-merger expansion of the… Read More>>
Country Garden Said Cancelling Share Sale and More Asia Real Estate Headlines
A cash crunch for China’s largest home-builder leads today’s roundup of real estate headlines from around the region as Country Garden struggles with a slowing housing market. Also in the news, Hong Kong homeowners are getting motivated to sell and… Read More>>