In today’s review of real estate news from around the region, Digital Realty opens its third data centre at its NRT campus near Tokyo as the site approaches 100 megawatts of IT capacity, Hanwha Vision buys the Bundang Humax Village… Read More>>
Mitsubishi Estate JV Buying Former WeWork London Location at 44% Markdown
Mitsubishi Estate has acquired a London office tower formerly leased to WeWork for a price reported to be almost 44 percent less than what the seller, a joint venture between Savills Investment Management and Korea’s Vestas Investment Management, paid to… Read More>>
Korea’s KFCC Could Take 33% Loss on London Disposal and More Asia Real Estate Headlines
London’s office market is falling down and the decline in UK commercial assets could mean a big loss for a Korean venture, with that story leading today’s roundup of Asia real estate headlines. Also in the news, Singapore’s red hot… Read More>>
Savills IM Paying $79M to Add Polish Warehouse to Vestas Logistics Fund
Savills Investment Management on Monday said it had exchanged contracts to acquire a logistics property in Poland for a Korean-backed fund at a price of €65.5 million ($79.6 million).
The transaction is Savills IM’s second on behalf of Vestas European… Read More>>
Savills IM Teams With Vestas on $604M European Logistics Fund
Savills Investment Management this week announced the launch of a pan-European logistics investment fund with partner Vestas Investment Management, targeting a gross asset value of up to €500 million ($604 million).
In a Monday press release, Savills IM described Vestas… Read More>>
CapitaLand Fund Closes on Buy of SG’s ABI Plaza and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, a CapitaLand-affiliated fund completes its purchase of Singapore’s ABI Plaza from MYP, billionaire Ray Dalio makes plans to open a family office in the city-state, and Japanese department store operator Takashimaya turns to… Read More>>