Mitsui Fudosan Co. is selling portions of two Tokyo office towers to Nippon Building Fund, a REIT sponsored by the Japanese real estate giant, for a total of JPY 47 billion ($352 million), as quality office assets in Japan’s capital… Read More>>
BlackRock Sells Down Stake in Cromwell EREIT as Singapore Trusts Slide
BlackRock Inc. has ceased to be a substantial unitholder in Cromwell European REIT (CEREIT) after selling down its stake in the SGX-listed trust, as Europe’s property sector faces growing headwinds and rising bond yields dampen the appeal of Singaporean REITs.
JD.Com Gets Nod to List $224M Warehouse REIT on Shanghai Exchange
Mainland regulators have given the green light for a real estate investment trust under Chinese e-commerce giant JD.com to list on the Shanghai Stock Exchange, marking the country’s third significant warehouse REIT as demand for logistics space continues to grow.
Frasers REIT Managers Propose S$5.7B Supersized Singapore Merger
The managers of a pair of Frasers Property-sponsored real estate investment trusts have agreed to the terms of a merger, which if approved by their unit holders, will result in a single REIT with a portfolio valued at S$5.7 billion… Read More>>
Could Greenland’s Online Finance Platform Replace REITs?
China’s largest property developer is branching out into online finance in a move that could potentially give the state-owned firm one of the most modern financing systems in the world.
On Thursday, Greenland Hong Kong Holdings, a subsidiary of the… Read More>>
Chinese Developer to Buy 60% of Singapore REIT IPO
The real estate billionaire behind a Shanghai shopping mall and hotel plans to buy up the majority of an upcoming Singapore REIT offering as China’s property developers continue to look for ways to invest their wealth overseas.
According to a… Read More>>
Li Ka-shing Trust Opposes Hong Kong REIT Reform Plan
A REIT controlled by Hong Kong’s richest man, Li Ka-shing is bucking a Hong Kong government proposal that would widen the scope of activity for real estate investment trusts listed on the Hong Kong stock exchange.
Justin Chiu Kwok-hung, who heads Fortune REIT, a trust operated by Li’s Cheung Kong Holdings has stated that the proposal, which would allow REITs to engage in new project development may present too much risk.
CapitaMalls to build $458m Beijing shopping centre – and more of today’s China Real Estate Links | April 27, 2012
Here is a list of the day’s latest China real estate news collected from around the web:
Singapore-based shopping centre developer CapitaMalls Asia said on Wednesday it would spend 2.3 billion… Read More>>