Singapore’s Mercatus Co-operative is continuing to sell down its real estate portfolio, with sources familiar with the company’s plans saying that it is preparing to sell off a one-third interest in a Sydney office tower which it acquired just over… Read More>>
NTUC Selling 16 Collyer Quay in Singapore to China’s Bright Ruby for $717M
Bright Ruby Resources, an investment firm backed by Chinese billionaire Du Shuanghua, has won the tender for 16 Collyer Quay, picking up the Raffles Place office tower from NTUC Income for approximately S$1 billion ($717.2 million), according to multiple sources… Read More>>
BlackRock to Double Singapore Space and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, asset management champ BlackRock plans a major expansion in Singapore, private equity giant Blackstone completes its acquisition of Aussie casino operator Crown Resorts, and Fitch Ratings drops coverage of a Chinese homebuilder.
Singapore’s NTUC Nears Sale of $3.7B in Retail, Office Assets
Singapore’s NTUC Enterprise Co-operative Ltd is close to selling off the majority of its Singapore real estate portfolio with its property arm marketing S$4.15 billion ($3 billion) in suburban malls at the same time that its insurance division is mulling… Read More>>
Singapore Fund Manager Teams with Dexus for $288M Sydney Office Investment
Singapore’s Mercatus Co-operative will head Down Under to make its first acquisition outside the city-state, joining forces with Dexus, Australia’s biggest office landlord, to buy a 33.3 percent stake in a well-known Sydney commercial tower for A$375 million ($288.1 million).
Logos, NEX Mall Owner Forge S$948M in Singapore Green Loan Deals
Two separate deals announced on Tuesday highlight the rising popularity of green loans in Singapore’s property market as developers and asset owners leverage financing opportunities to create more efficient facilities.
Gold Ridge, the owner and developer of NEX shopping mall,… Read More>>