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>>
Shui On Said to Pick UBS, MS for Xintiandi IPO and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Hong Kong’s Shui On Land reportedly selects UBS and Morgan Stanley to lead its Xintiandi subsidiary’s IPO, Singapore-listed Cromwell E-REIT picks up a logistics asset in England, and China turns to ration coupons… Read More>>
Lippo’s OUE Sells Los Angeles Tower for $430M – 34% Below Book Value
OUE Limited, the Singapore-based property developer controlled by Indonesian conglomerate Lippo Group, said Friday that it has agreed to sell the iconic US Bank Tower in Los Angeles for $430 million.
The SGX-listed developer is selling the property to USBT… Read More>>
Asia Real Estate People in the News 2020-04-13
With mainland China returning to something that begins to resemble normal working conditions executives in the middle kingdom dominate this week’s collection of people moves from around the region, with developers in Shanghai and Shenzhen introducing new senior leadership. While… Read More>>