Australia and China-based Logos Property has secured new capital commitments from Canadian fund managers CPPIB and Ivanhoe Cambridge that give the logistics real estate developer a $484 million platform for developing and acquiring warehouse facilities in southeast Asia, according to… Read More>>
Ascendas-Singbridge Breaks Ground on Joint Office Project in Singapore
Singaporean developer Ascendas-Singbridge broke ground on the redevelopment of a 500,000 square foot (46,500 square metre) office project in the city’s central business district on Friday, together with partners Mitsui & Co and Tokyo Tatemono Co.
The joint Singaporean-Japanese effort… Read More>>
GIC Bets on a Bigger Swamp with $1.1 Bil DC Office Deal
Donald Trump may have promised to “drain the swamp” in Washington, but the number crunchers at Singapore’s sovereign wealth fund are willing to make a $1 billion bet that there will be more lobbying business and strategic advisors crowding around… Read More>>
Singapore’s Perennial Hires New CEO for Healthcare Division
Perennial Real Estate Holdings has hired health care industry veteran Liak Teng Lit to serve as CEO of its rapidly expanding healthcare division, and COO of the Singapore-listed property group.
The top level hire was announced by Perennial on Friday,… Read More>>
Hong Kong and Singapore Rank in Top 5 Globally for Outrageous Home Rentals
While Hong Kong may have distinguished itself as the least affordable place to own a home, residents of the Asian financial capital may take some comfort from the news that their city ranks only third in the world for degree… Read More>>
CapitaLand Buys $440 Mil Japan Portfolio Following Positive Q4
Just days after the release of encouraging financial results for the fourth quarter, the retail wing of Singapore’s largest property developer says it plans to spend JPY49.7 billion ($440.5 million) to add three office buildings and a shopping mall to… Read More>>
CSCEC Unit Wins $205 Mil Contest for West Singapore Site
A subsidiary of China’s biggest construction firm snatched up a development site in Singapore’s West Coast Vale on Thursday of last week for S$291.99 million ($205.22 million), according to a statement from the Singapore Urban Development Authority.
Coming in just… Read More>>
DBS Sells Singapore’s PWC Building to Manulife for $526 Mil
DBS Group has sold the PwC Building in Singapore’s financial district to Canadian insurer Manulife for an agreed value of S$747 million ($525.7 million) according to an announcement on Friday to the city’s stock exchange.
The deal for the 28-storey… Read More>>
Mainland Developer Buying Singapore’s GSH Plaza for S$725 Mil
Fullshare Holdings, a Nanjing-based property developer known for it astounding share price performance, announced this week that it has entered into agreement to buy GSH Plaza, a prime office building in Singapore’s Raffles Place for S$725.2 million ($512 million).
The… Read More>>
Stanley Ho’s Shun Tak Pays $216M for 61% Stake in Orchard Road Commercial Complex
Billionaire Stanley Ho’s Shun Tak Holdings has made its first major commercial acquisition in Singapore after the Hong Kong-listed company acquired a 61 percent stake in a commercial project along the city’s famed Orchard Road commercial strip.
Shun Tak paid… Read More>>
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