Asia real estate and outbound investment news
Singapore-based co-living platform Hmlet last week announced that it has raised $6.5 million in a series A round led by Sequoia India, the India affiliate of US venture capital giant Sequoia Capital.
The co-living startup, which has 13 locations in… Read More>>
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 the private equity unit of Keppel Group for around… Read More>>
Global flexible workspace provider WeWork on Wednesday announced that it has opened three new locations in Singapore’s city centre. The trio of new flexible office facilities brings the $20 billion space providers number of centres in the city-state to a… Read More>>
CapitaLand on Tuesday announced its “office of the future” strategy, which aims to integrate co-working style “flexible office space” into the developer’s traditional commercial projects. The Singaporean real estate giant says it is already at work implementing the new strategy… Read More>>
Keppel REIT Management Limited on Friday introduced Paul Tham as the new CEO of the manager of Singapore-listed Keppel REIT, according to an announcement by the company.
Tham, who has been with the Singapore government-linked conglomerate for nearly four years… Read More>>
Keppel-KBS US REIT on Monday announced that has agreed to buy a 21 building business park in Washington state, picking up the commercial assets some 15 minutes’ drive from Microsoft’s home office in Seattle for $175.7 million including fees of… Read More>>
Property developer OUE is selling the office component of its 1.24 million square foot (115,000 square metre) OUE Downtown complex to OUE Commercial Real Estate Investment Trust (OUE C-REIT) for S$908 million ($661 million), according to a recent announcement by… Read More>>
City Developments Limited (CDL) has acquired Aldgate House, a prime commercial building in London for £183 million (approximately $239 million) from a joint venture between Hermes Investment Management and the Canada Pension Plan Investment Board (CPPIB) to continue expanding recurring… Read More>>
CapitaLand Commercial Trust, which owns the current home of HSBC in Singapore, is giving the bank one more year in its home in the city’s Raffles Place as speculation builds that the listed trust may sell off or redevelop the… Read More>>
Singapore Press Holdings (SPH), a listed media group that owns the Straits Times and Business Times, is buying a portfolio of 14 student accommodation properties located in six towns and cities across the UK for S$321 million ($233 million) in… Read More>>
