Daiwa House Logistics Trust is expanding beyond its home market of Japan with the SGX-listed REIT having agreed to acquire a newly built warehouse near Ho Chi Minh City from its sponsor for VND 483 billion ($20 million).
The trust… Read More>>
Vietnam Tracking Down Van Thinh Phat Assets at Home and Abroad
Having earlier this month charged former Van Thinh Phat boss Truong My Lan and 85 co-defendants with embezzling VND 304 trillion ($12 billion), Vietnamese authorities now say they are tracking the company’s laundering of its ill-gotten cash through real estate… Read More>>
BW and ESR Break Ground on Industrial Facility in Haiphong, Vietnam
Vietnamese developer BW Industrial has broken ground on its 10th project this year, and its third development joint venture with industrial giant ESR, with the two companies joining forces to build a new facility in Haiphong.
Together with its Hong… Read More>>
Actis Sells Industrial Park to Exit First Vietnam Real Estate Investment
London-based fund manager Actis has sold its remaining interest in an industrial park in northern Vietnam to its local joint venture partner, exiting its first-ever real estate investment in the Southeast Asian nation.
Actis completed its sale of the 49-percent… Read More>>
Jailed Vietnamese Property Tycoon, 85 Accomplices Indicted for Allegedly Embezzling $12B
Jailed Vietnamese property tycoon Truong My Lan, whose family built a cache of properties in Hong Kong and Singapore worth hundreds of millions of dollars, has been indicted with 85 co-defendants on charges of embezzling VND 304 trillion ($12 billion)… Read More>>
Colliers Vietnam Business Jumps Ship for Rival Avison Young
Canadian property consultancy Avison Young has entered the Vietnam market, linking up with an existing 100-person team formerly affiliated with fellow Toronto-based company Colliers.
In an announcement this past week Avison Young said it had hung out its signboard on… Read More>>
Vietnam’s Novaland Loses Two Board Members in One Month
Vietnamese developer Novaland has bid farewell to two board members in the span of a month, one of whom tendered his resignation less than 20 days into the job.
Do Thi Phuong Lan and Nguyen Tran Dang Phuoc, both former… Read More>>
Thai Hospitality REIT Liquidates With $106M Sale of Jakarta, HCMC Hotels
After going public less than six years ago, Thailand-listed Strategic Hospitality REIT has sold its entire three-hotel portfolio for $106.1 million, narrowly avoiding an imminent loan default.
The disposal of the three assets — the five-star Pullman Jakarta Central Park… Read More>>
Far East Orchard Rides Hospitality Turnaround and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Singapore’s Far East Orchard reports a surge in first-quarter earnings as tourism revives, and investment firm Chuan Hup closes on a majority stake in a student accommodation provider. Also making the list, Vietnam… Read More>>
Panel: Logistics Investment in Asia’s Emerging Markets MTD TV Asia Logistics Forum 2023
Global investors are turning to Asia’s emerging logistics markets as manufacturers look to diversify their networks and e-commerce continues to mature in India and the fast-growing economies of Southeast Asia presenting an opportunity for yield from growing consumer spending.
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