A Japanese property buyout leads today’s look at real estate headlines from around the region, with Singapore’s GIC teaming up with Tokyo’s Tosei to offer a bit more for a TSE-listed REIT. Also making the news, OpenAI is teaming up… Read More>>
GIC, Tosei Make $373M Bid for Japan’s Sankei REIT
Singaporean giant GIC and Japan’s Tosei Asset Advisors have launched a bid to buy Sankei Real Estate, a Tokyo-listed commercial REIT, for JPY 58.4 billion ($372.6 million).
The tender offer by the $800 billion sovereign fund and the unit of… Read More>>
Sankei Real Estate Buying Out Tokyo Office Building for $50M, Adding Hokkaido Hotel
Sankei Real Estate has agreed to buy out the remaining 49 percent interest it does not own in a central Tokyo office building for JPY 7.5 billion ($50 million), with the TSE-listed REIT also set to acquire a 40 percent… Read More>>