Sales of new private homes in Singapore shot up 80 percent in April to a seven-month high of 887 units, driven by a pair of project launches in the Rest of Central Region, according to data released by the Urban… Read More>>
Evergrande Hit With $111M Penalty Over Failed Deals and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, defaulted developer China Evergrande loses an arbitration case against a jilted investor, and fellow builder Fantasia Holdings’ debt restructuring plan hits a snag. Also in the news, a son of Hong Kong billionaire… Read More>>
ESR and Toll Group to Invest $285M in Sydney Distribution Centre
ESR and Australian logistics provider Toll Group have signed a deal to invest A$420 million ($284.6 million) to develop a new distribution centre at the industrial giant’s Westlink Industry Park in Sydney that will be Toll’s largest in the country… Read More>>
Logos, Sime Darby Confirm Indonesia’s J&T as First Tenant for Malaysia Logistics Park
Industrial specialist Logos and Sime Darby Property have secured a deal with a regional express delivery provider to lease more than a fifth of the space in the pair’s maiden project in Malaysia.
J&T Distribution Solutions, which operates in Southeast… 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>>
Mainland Buyer Picks Up Melbourne Mall as Chinese Investors Return to Oz
An investor from mainland China has acquired a boutique shopping centre in Melbourne from local property fund manager MPG Funds Management, as Chinese investors are helping to drive a rebound in Australian property deals.
MPG, through its MPG Retail Brands… Read More>>
Blackstone Set to Launch India’s First Mall REIT in $391M IPO Next Week
US fund management giant Blackstone will kick off the initial public offering for India’s first listed trust of retail properties on 9 May, with a goal of raising up to INR 32 billion ($391 million), according to an updated prospectus… Read More>>
Shimao Sells London Office Building for $395M in Struggle to Pay Off Debts
Shimao Group has closed on the sale of an office building in the City of London for GBP 315 million ($395 million), according to a UK news report, as the Shanghai-based developer fights to regain its financial footing after a… Read More>>
China Developer Home Sales Rise for Third Month and More Asia Real Estate Headlines
China’s recovering housing market leads today’s set of headlines from around the region as the mainland’s top developers grew their contracted sales for a third straight month in April. Also making the list today, Hong Kong’s MTR aims to spice… Read More>>
Blackstone Selling Six Japan Warehouses to GIC for $800M
Blackstone on Friday announced the sale of a portfolio of six warehouses in Japan to Singapore sovereign fund GIC for more than $800 million, as the private equity giant continues to shed assets after reporting a steep decline in real… Read More>>
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