Singapore-listed Ascendas Hospitality Trust has made its first foray into South Korea with a 73 billion won ($68.3 million) deal for a 215-room hotel in Seoul.
The trust, which already owns a portfolio of 11 hotels with over 4,000 rooms… Read More>>
LaSalle Sells Korean Warehouse to Deutsche Bank’s DWS for $57M
Deutsche Bank’s asset management arm has bought a recently completed logistics warehouse in Icheon City, south of Seoul for 61.2 billion won ($57.4 million), as global real estate investors pile into Korea’s modernising logistics sector.
DWS (formerly Deutsche Asset Management)… Read More>>
KKR-Led Group Poised to Buy $1B Seoul Office Project in Record-Breaking Deal
A consortium led by US private equity giant KKR & Co is poised to land the biggest single-asset property deal in South Korean history by scooping up a twin office tower complex in Seoul worth an estimated 1.1 trillion won… Read More>>
Singapore Hikes Stamp Duty 2% on Million Dollar Home Sales and More Asia Real Estate Headlines
Singapore home sales jumped 37 percent in January compared to the same month last year, but it didn’t take long for the city-state to react to the sudden real estate surge as regulators roll out a new tax on luxury… Read More>>
Samsung SRA Returns to City of London with $457M Office Buy
Korean institutional investors have chalked up another cross-border property deal, with a unit of Samsung buying a London office building for an estimated price of up to £320 million ($457 million).
Samsung SRA Asset Management, the real estate investment arm… Read More>>
China’s Hengmao Takes Hit on Lucky Melbourne Deal and More Asia Real Estate Headlines
There’s good news and bad news in today’s real estate roundup, starting with a Chinese developer taking a loss on a Melbourne office that it bought for the supposedly lucky price of A$88,888,888. Some cities in northern Britain aren’t so… Read More>>
Wanda Close To Selling Aussie Projects and More Asia Real Estate Headlines
Leading the news today, Dalian Wanda Group continues to unwind its overseas property empire, with reports emerging that the Chinese conglomerate is close to selling its flagship Australian projects — and the buyer could be a controversial mainland developer. Things… Read More>>
Anbang Unit Buys Seoul Tower From Angelo, Gordon for $225M
An investment fund backed by Anbang Insurance’s Korean subsidiary has purchased the Metro Tower in Seoul from real estate fund manager Angelo, Gordon and Company and local partner Vestas Investment Management, according to accounts in the Korean media.
The fund… Read More>>
LaSalle Completes First Korean Logistics Project Under $485M Fund
US-based real estate investment firm LaSalle Investment Management has wrapped up construction on its first project in South Korea, a modern logistics warehouse in Icheon City, south of Seoul.
The 467,207 square foot (43,405 square metre), multi-storey facility, called Logiport… Read More>>
Ascendas-Singbridge Buys Seoul Office Tower for $92M
Singapore’s Ascendas-Singbridge is adding to its office acquisitions in South Korea by picking up a newly completed, mid-rise office building in Seoul’s Gangnam district for S$124.3 million ($91.8 million).
A fund managed by the real estate firm acquired the 15-storey,… Read More>>