India’s commercial capital leads today’s look at real estate news from around the region, with Japan’s Sumitomo pointing to Mumbai as the focus for its plan to invest $6.5 billion in the country. The living sector also figures prominently in… Read More>>
Former Viva Land Hotel Back on the Market in Singapore and More Asia Real Estate Headlines
A Singapore hospitality asset with a colourful past leads today’s collection of real estate news from around the region, as a Robinson Road hotel hits the market after a quick refurbishment. Also making the list are the latest from WeWork… Read More>>
Hines Brings Japan’s Sumitomo Forestry, Chuo-Nittochi Into Virginia Apartment Project
US builder Hines has formed a joint venture with Sumitomo Forestry and Chuo-Nittochi to develop a multi-family project in northern Virginia, as Japanese real estate groups continue to explore opportunities overseas.
The six-storey Potomac Shores will provide 365 rental apartment… Read More>>
Elliott Builds Stake in Japan’s Sumitomo Realty and More Asia Real Estate Headlines
The property arm of Japan’s Sumitomo Corporation draws the interest of activist investor Elliott, with that report leading today’s headline roundup. Also in the news, fund managers bid for India’s Welspun warehouses and Goodman Group starts building a California data… Read More>>
GIC Abandons Seoul Office Sale Amid Korean Crisis and More Asia Real Estate Headlines
Singapore’s GIC drops the sale of its landmark Seoul Financial Center after bids failed to satisfy the sovereign giant, with that story leading today’s headline roundup. Also in the news, SGX-listed Cromwell E-REIT agrees to sell a pair of office… Read More>>
Japan’s Sumitomo Enters Aussie Market via $516M Sydney Residential JV With Mirvac
Japan’s Sumitomo Corporation has made its maiden property investment in Australia by entering a 50:50 joint venture with real estate giant Mirvac on an A$830 million ($516 million) Sydney residential project.
The tie-up for the under-construction Highforest in Sydney’s northwest… Read More>>
Japan’s Sumitomo Buys Australia’s Biggest Builder and More Asia Real Estate Headlines
Japanese giant Sumitomo makes a big addition to its collection of Australian homebuilders, with that story leading today’s headline roundup. Also making the list, Singapore home prices fall for the first time in five quarters and a Korean retailer delists… Read More>>
Japan’s Sumitomo Forestry Takes on $790M Australia BTR JV
A real estate affiliate of Japan’s Sumitomo Corporation has formed a wood-themed A$1.2 billion ($790 million) joint venture with Brisbane property firm Cedar Pacific to develop rental housing in Australia as Japanese companies deepen their involvement in the country’s residential… Read More>>
Gemdale Chairman Exit Triggers Latest China Crisis and More Asia Real Estate Headlines
The chairman of China’s Gemdale Properties resigned on Tuesday after 25 years leading the company and a resulting meltdown in the company’s stocks and bonds leads today’s collection of real estate headlines from around the region. Country Garden also makes… Read More>>
Sumitomo Buying Central Mumbai Plot for $626M in City’s Priciest Land Deal
Japan’s Sumitomo Realty & Development has agreed to buy a 22 acre (8.9 hectare) land parcel in central Mumbai from Bombay Dyeing and Manufacturing for INR 5,200 crore ($626.3 million).
Bombay Dyeing, a unit of India’s Wadia Group conglomerate, said… Read More>>