Singapore-listed City Developments Ltd on Monday said it had agreed to acquire an effective 55 percent stake in a Shenzhen technology park in a bid to shore up the liquidity of CDL’s joint venture with Chinese developer Sincere Property Group.
BlackRock Selling Singapore Industrial Asset to AEW for $107M
Singapore real estate assets continue to be in style with the world’s biggest investors with Mingtiandi able to confirm that BlackRock is on the verge of selling an industrial asset in the city-state to Boston-based fund manager AEW.
BlackRock is… Read More>>
Temasek Appoints Dilhan Pillay as CEO, Succeeding PM’s Wife
Temasek Holdings on Tuesday announced that Dilhan Pillay will succeed Ho Ching as chief executive of the Singaporean state-backed firm, while also taking over her seat as an executive director on the board.
Pillay, who is keeping his title as… Read More>>
Tech Firms Set to Lease 20% of APAC Office Space as Mainland Giants Expand
Technology occupiers led by Chinese groups are poised to transform Grade A office markets in Asia Pacific, accounting for at least a fifth of regional leasing demand from 2020 to 2025, according to research from Colliers International.
The need for… Read More>>
AA REIT to Buy Sime Darby Singapore Car Dealership Building for $77M
SGX-listed AIMS APAC REIT on Wednesday announced plans to acquire Sime Darby Business Centre on the western fringe of Singapore’s urban core for S$102 million ($76.6 million) as part of a sale-leaseback deal.
Consisting of a five-storey light industrial building… Read More>>
Colliers Promotes Rick Thomas to Managing Director for Emerging Markets
Colliers International on Thursday announced the appointment of Rick Thomas to the newly-created position of managing director for emerging markets, effective 1 February.
Thomas will partner with the managing directors of Colliers offices in emerging markets across Asia to accelerate… Read More>>
Allianz Fund Buys Stake in SG Tower for $477M, Picks Up Shanghai Office Complex
Allianz Real Estate has moved forward with a deal to acquire a half-stake in one of Singapore’s flagship office properties in a bet on the long-term health of the city’s core office market.
The property investment arm of the European… Read More>>
Lian Beng Consortium Buying Breadtalk HQ in Singapore for $88.7M
Financial stress on one of Singapore’s best known retail groups has turned into a real estate investment opportunity as a consortium led by Lian Beng Group is picking up the headquarters of debt-laden bakery chain Breadtalk.
SGX-listed Lian Beng, which… Read More>>
Blackstone Buying Disney Building in Singapore’s One North for $133M
One of the world’s biggest private equity firms is pushing its real estate bets into the fantasy world, as recently filed documents show that Blackstone is in the process of buying a Singapore building based on George Lucas’ Star Wars… Read More>>
JLL Names New Country Heads for Singapore, Thailand
Global property consultancy JLL on Tuesday announced a set of personnel moves in Southeast Asia, headlined by the promotion of Chris Archibold to country head for Singapore and Michael Glancy to the same role in Thailand.
Archibold, JLL’s head of… Read More>>
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