Singapore’s Urban Redevelopment Authority made a pair of announcements on Tuesday set to further expand home supply in the city-state, despite its own figures showing sales of private housing falling 6 percent in the first quarter, compared to the same… Read More>>
Lendlease Gets Fresh Backing to Avoid Restructuring and More Asia Real Estate Headlines
Australia’s Lendlease leads Mingtiandi’s look at real estate headlines from around the region today as the developer gets some fresh investment amid challenges to its management plans. Also in the news, regional data centre platform NextDC plans to raise cash… Read More>>
CDL-Mitsui JV Places Sole Bid of $820M for Singapore’s First Rental Housing Project
A joint venture between City Developments Ltd and Japan’s MItsui Fudosan placed the sole bid for a site in Singapore’s posh District 10, positioning the partners to develop a mixed residential and commercial project which includes the city-state’s first land… Read More>>
CapitaLand, CDL, Frasers Team with Mitsubishi, Mitsui for $6.3B Singapore Mega-Project
A tender for a site for a suburban Singapore project which could be worth S$8.5 billion ($6.3 billion) upon completion attracted just two bids – both from the same five-party consortium – with three of the city-state’s largest property players… Read More>>
Keppel Teams With Mitsui Fudosan on Data Centre Opportunities, Eyes First Japan Project
Singapore’s Keppel Ltd has signed a tentative deal with Japanese real estate giant Mitsui Fudosan to explore data centre development and investment opportunities in Japan and Southeast Asia.
In addition, the private Keppel Data Centre Fund II has a framework… Read More>>
Mitsui Fudosan, Tishman Speyer Investing in California Shed Projects Via $500M JV
Mitsui Fudosan has made its first foray into American warehouses with the Japanese real estate giant announcing investments in a pair of California logistics projects through an existing partnership with US developer Tishman Speyer.
Japan’s largest developer said on Monday… Read More>>
Mitsui Fudosan Posts Record-High Nine-Month Profit of $1.1B
Mitsui Fudosan achieved a record-high attributable profit of JPY 166.4 billion ($1.1 billion), up 13.1 percent year-on-year, in the fiscal nine months to December, according to an update from Japan’s largest developer.
Operating revenue, operating income and ordinary income also… Read More>>
Goldman Sachs Fund Buying Tokyo Office Floors From Mitsui Fudosan REIT for $281M
A fund managed by Goldman Sachs is buying a set of floors in a Tokyo office tower for JPY 41.2 billion ($281 million) as the US investment bank’s asset management division continues to ramp up its real estate business in… Read More>>
Nippon Building Fund Paying $303M to Expand Holdings in Mitsui Tokyo Complex
TSE-listed Nippon Building Fund announced on Friday that it has agreed to buy more space in a mixed-use complex developed by Mitsui Fudosan in Tokyo for JPY 43.8 billion ($303 million). The company revealed in the same statement that it… Read More>>
Mitsui-Backed REIT Buys Three Japan Hotels From First Brothers for $21M
A Tokyo-listed REIT sponsored by property giant Mitsui Fudosan has acquired a portfolio of three hotels in Japan for JPY 3.1 billion ($21.2 million).
Nippon Accommodations Fund said in a filing that the properties are Smile-branded hotels in the cities… Read More>>