Asia real estate and outbound investment news
Singapore-listed Keppel REIT has agreed to acquire a freehold Grade A office building located in Seoul’s central business district from PGIM Real Estate, for 252.6 billion won ($221 million), according to an annoucement by the listed trust’s manager.
Keppel REIT… Read More>>
A fund managed by Singapore’s ARA Asset Management has agreed to purchase the iconic Seoul Square building from KR1 CR REIT, a locally listed trust whose largest shareholder is a division of Singapore’s Keppel Capital.
The deal, which is said… Read More>>
Singapore-listed Datapulse Technology has announced that it has agreed to purchase the 127-room Hotel Aropa in Seoul for KRW 35 billion ($31 million), becoming the second Singaporean firm within the past month to acquire a Korean hotel, despite fears of… Read More>>
Ascendas Hospitality Trust continues to expand its presence in Seoul as the manager of the Singapore-listed trust has agreed to purchase its second hotel in the South Korean capital in less than seven months.
The trust, which already owns a… Read More>>
JLL has brought on board a nearly twenty-year veteran of the world’s third-largest public pension fund, as the international property consultancy continues to expand its Asia funds advisory unit.
Jayme Han has been appointed as executive director for Asia funds… Read More>>
The Canada Pension Plan Investment Board (CPPIB) announced this week that it is investing in a new $500 million investment fund targeting South Korean logistics assets in cooperation with ESR and its Korean subsidiary, Kendall Square Asset Management.
The deal… Read More>>
Goldman Sachs is said to have picked Korea’s National Pension Service (NPS) as the preferred buyer of its soon-to-be-completed European headquarters in London, according to a report in the Korean press, with the UK office building expected to change hands… Read More>>
M&G Real Estate, together with a pair of Korean pension funds, has purchased Centropolis Towers in Seoul for 1.18 trillion won ($1 billion). The transaction, the largest single real estate deal in the country’s history, was completed as the office… Read More>>
Some good news for owners of large scale real estate assets leads today’s headlines in Asia, as one of the region’s biggest pension fund managers is directing $550 million in fresh cash toward the property sector. Singapore also makes it… Read More>>
While the words Korea and Singapore have dominated the news headlines this week, some of the world’s biggest real estate investors are focusing their gaze on the suddenly less exciting South Korea, where chances of a meaningful sale and purchase… Read More>>
