China’s ongoing property woes are hurting returns for a CapitaLand-sponsored REIT, with that story leading Mingtiandi’s real estate headlines today. Country Garden also makes news with the troubled developer avoiding its first onshore bond default and a metals magnate’s daughter… Read More>>
Embassy REIT to Buy $152M Chennai Business Park and More Asia Real Estate Headlines
India’s booming office park sector leads Mingtiandi’s headline roundup today with Embassy REIT planning to buy a Chennai property from its sponsor, Embassy Group. Also in the news, one of the mainland’s biggest banks has filed a wind-up petition against… Read More>>
Asia Real Estate People in the News 2024-04-06
New leadership at one of Singapore’s troubled REITS of US office properties leads this week’s roundup of personnel moves from around the region. Also making the list is a new asset management boss for one of the most active office… Read More>>
OUE Commercial REIT Sees 30% Surge in Net Property Income in Q3
OUE Commercial REIT recorded net property income of S$62.7 million ($45 million) in the third quarter, up 29.8 percent from the same period a year earlier, thanks to improved performance by its hospitality assets driven by a recovery in Singapore… Read More>>
PDG Unveils Green Energy Deal for Indonesia Data Centre and More Asia Real Estate Headlines
Green energy in Indonesia leads today’s collection of regional real estate headlines as a Warburg Pincus-backed data centre operator continues to expand in Southeast Asia’s most populous nation. Also in the news, the Chinese owners of Global Switch may need… Read More>>
OUE C-REIT Eyes Opportunities in Australia, UK in Drive to Boost Income
After reporting sustained growth in Singapore office space, OUE Commercial REIT’s chief executive is keen on growing the trust’s overseas portfolio in the year ahead as opportunistic office deals arise in its target markets of Sydney, Melbourne and London.
Han… Read More>>
Swire Pacific’s $500M Repurchase Plan Sparks Rally and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Swire Pacific’s Hong Kong-listed shares rally after the group announces a $500 million buyback, US-based Barings inks a deal to acquire Australian firm Altis Property Partners, and a think tank with Beike ties… Read More>>
Sunac Shares Plunge as Developer Misses Deadline and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Sunac’s shares tumble as the developer says it will miss the deadline for reporting annual results, COVID-19 troubles send Hong Kong home prices to their lowest level in over a year, and Singapore-listed… Read More>>
Korean Investor Buying New Jersey UBS Tower for $219M and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, a Korean fund manager buys a New Jersey office tower, Singapore’s GIC backs a green loan to fund the Parkline Place project in Sydney, and China’s government sounds the alarm on “disorderly” data… Read More>>
OUE Commercial REIT CEO Tan Shu Lin Resigns From Singapore-Listed Trust
The revolving door continues to whirl at Singapore’s real estate investment trusts, with OUE Commercial REIT becoming the latest to announce the resignation of its top executive.
Tan Shu Lin, who has served as chief executive and executive director at… Read More>>