A joint bid by Singapore-based Far East Organization and Hong Kong’s Sino Group has won a tender for a commercial and residential site in the leafy Jalan Anak Bukit area of central Singapore, with the S$1.03 billion ($770 million) offer… Read More>>
Keppel REIT Searches for New Leader as CEO Paul Tham Heads for the Exit
Singapore-listed Keppel REIT said late Friday that Paul Tham will step down as chief executive of the trust’s manager on 20 October to pursue other opportunities.
The board is evaluating potential candidates to succeed Tham, a one-time management consultant who… Read More>>
Firmus Capital Buys Central Singapore Mall to Bring Opportunity Fund AUM to $148M
A western Singapore mall has become Firmus Capital’s second acquisition in the city-state, boosting the local private equity firm’s newly launched Firmus Opportunity Fund VCC to S$200 million ($147.8 million) in assets under management.
The single-storey Le Quest Mall in… Read More>>
Lendlease Names New Asia CFO in Regional Leadership Reshuffle
Lendlease has named a new chief financial officer for its Asia business, as the Sydney-based developer continues to reshape its leadership in the region following former Asia boss Tony Lombardo’s promotion to group chief executive earlier this year.
Company veteran… Read More>>
CapitaLand Shareholders Approve $15.9B Restructuring, Developer to De-List
CapitaLand said shareholders on Tuesday voted “overwhelmingly” in favour of a $15.9 billion plan to privatise the Singapore property giant’s development operation and spin off its fund management business.
More than 3,400 CapitaLand shareholders voted by proxy at an extraordinary… Read More>>
Sale of $1.9B Tanjong Pagar Tower Attempted as Singapore Heats Up
Owners of a strata-title office tower in Singapore’s Tanjong Pagar area have agreed to put their 50-storey property on the market in a move that could lead to the city’s largest collective sale ever and provide the latest sign of… Read More>>
Keppel Buying Singapore Press Holdings’ Real Estate Business in $2.5B Deal
Keppel Corporation has offered to privatise Singapore Press Holdings’ non-media business, which consists primarily of real estate assets, in a cash-and-scrip deal valuing the Straits Times publisher at S$3.4 billion ($2.5 billion).
Under an agreement between the two firms announced… Read More>>
Gaw Launches SE Asia Data Centre JV With Indonesia Project
Hong Kong’s Gaw Capital Partners on Friday announced the launch of a Singapore-based joint venture company, Data Center First, with a project in the nearby Indonesian city of Batam.
Industry veteran Wong Ka Vin leads Data Center First as co-founder… Read More>>
GuocoLand Bids $576M for Singapore Site as Housing Market Rises
A pair of Singapore residential sites attracted competitive bidding from developers late last week as the city-state’s housing market continues to benefit from investor confidence, as shown by rising home prices and recovering sales volumes in Southeast Asia’s most expensive… Read More>>
Former Love Hotel Developer Set to Go Private in Singapore Buyout
The founder of a Singapore real estate developer that got its start operating hotels in the city’s red-light district is set to take the company private after reaching a key milestone in a buyout effort today.
A voluntary conditional cash… Read More>>
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