PGIM Real Estate has reached a first close of $447 million on its Asia Core Fund, according to an announcement by the asset management unit of US financial giant Prudential.
Seeded with a $290 million portfolio of four assets in… Read More>>
Keppel REIT Buys PGIM Office Asset for $221M to Break into Seoul Market
Singapore-listed Keppel REIT has agreed to acquire a freehold Grade A office building located in Seoul’s central business district from PGIM Real Estate, for 252.6 billion won ($221 million), according to an annoucement by the listed trust’s manager.
Keppel REIT… Read More>>
Singapore’s Frasers Appoints Former PGIM Exec to Run FCT Retail REIT
The manager of Frasers Centrepoint Trust has chosen a new boss for the retail focused REIT, a move which may strengthen a bridge between the empire of Thai-Chinese tycoon Charoen Sirivadhanabhakdi and one of its recent acquisition targets.
Frasers Centrepoint… Read More>>
Frasers Property Buys Stake in PGIM SE Asia Retail Fund for S$356M
Frasers Property announced on Monday that it has agreed to acquire a 17.8 percent stake in a retail real estate fund managed by UK real estate investment manager PGIM for S$356.4 million ($262.7 million).
The deal would give Frasers, which… Read More>>
PGIM Said Buying Singapore’s 78 Shenton Way for S$680M
PGIM Real Estate is understood to have entered into an agreement with Alpha Investment Partners to buy 78 Shenton Way, a prime office property in Singapore from a fund managed by Alpha Investment Partners for around S$680 million ($494 million),… Read More>>
Asia Real Estate People in the News 2018-10-01
Fund managers, developers and brokers from around the region have all found new roles for themselves as we head into the final fourth quarter sprint of 2018. In this week’s collection of career moves from around the region, we give… Read More>>
Wing Tai in Talks to Buy London Bank HQ for $548M and More Asia Real Estate Headlines
In what could be a north Asia to southeast Asia handoff, the lead story in today’s collection of real estate headlines from the region tracks Singaporean developer Wing Tai’s potential purchase of a $548 million London asset from Korea’s Samsung… Read More>>
China’s Ucommune Eyes Hong Kong IPO and More Asia Real Estate Headlines
Leading today’s news roundup, the head of co-working provider Ucommune wants to take things to the next level, revealing that an IPO or buyout of China’s top flexible office firm could be on the horizon. Also in the headlines, Switzerland’s… Read More>>
PGIM Real Estate’s Asia Deals Doubled to $2B in 2017
PGIM Real Estate saw its volume of Asia Pacific transactions double in 2017, as the real estate investment affiliate of Prudential Financial focused on major markets in Japan, Singapore and Australia to generate over $2 billion in deals.
The company… Read More>>
Singapore’s City Towers Sells for $304M and More Asia Real Estate Headlines
Leading today’s news roundup, Singapore has notched another large collective sale, with a freehold development in District 10 changing hands for more than 13 percent above the reserve price. There’s some tech news as well, as a Hangzhou-based startup that… Read More>>
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