LaSalle Investment Management is ready to break ground on its third Japanese logistics facility in less than a month with the private equity unit of JLL partnering with local developer Nippo Corporation for a 80,740 square metre (869,080 square foot)… Read More>>
Central Tokyo Condo Prices Hit All-Time Highs and More Asia Real Estate Headlines
Tokyo leads Asia’s real estate headlines today with news that home prices in the Japanese capital’s central areas have reached record highs. Also making the list is Xinhua deleting a report about China’s CIC taking over the country’s major bad-asset… Read More>>
Buyer Linked to Mainland Billionaire Xu Hang Bags Mansion on Hong Kong’s Peak for $107M
A luxury house in Hong Kong’s prestigious Peak area was sold to a Chinese buyer for HK$838 million ($107 million) in a rare purchase of a super-luxury property by a mainlander amid the city’s protracted property slump.
The mansion at… Read More>>
Adani to Invest $6B in Mumbai Area Data Centres in Coming Decade
Billionaire Gautam Adani’s flagship holding company has pledged to invest INR 500 billion ($6 billion) in developing and operating hyperscale data centres in India’s Maharashtra state over the next 10 years.
Adani Enterprises, a member of the Adani Group, on… Read More>>
Logos-Ivanhoe Cambridge India Industrial JV Buys Land to Expand $130M Pune Project
APAC warehouse specialist Logos and Canadian investor Ivanhoe Cambridge have expanded their Chakan Industrial Estate in India’s Maharashtra state via a fresh land acquisition, with the longtime partners committing more than INR 11 billion ($130 million) to the development project.
Japan’s Tokyu Land Completes 162,000 SQM Greater Osaka Warehouse
Tokyu Land Corporation last week announced the completion of a 161,539 square metre (1.7 million square feet) warehouse in Greater Osaka, marking the Japanese property giant’s largest industrial project to date.
Designed to serve the cities of Kyoto, Osaka and… Read More>>
LaSalle Sells Greater Seoul Shed to Korea’s PAMCO for $95M
LaSalle Investment Management has sold a logistics facility on the outskirts of Seoul to local fund manager Pacific Asset Management Co. (PAMCO) for KRW 125 billion ($95 million).
LaSalle sold the 39,927 square metre (429,770 square foot) Logiport Osan Logistics… Read More>>
Singapore Home Sales Plunge 83% in December, Full-Year Tally Hits 15-Year Low
Singapore new private home sales plunged 83 percent to 135 units in December from the 784 units transacted the previous month, posting the lowest monthly sales recorded in the city-state since the 2007-08 global financial crisis.
The year-end holidays and… Read More>>
Frasers Property Appoints Group COO, Asia Emerging Markets CEO Amid Stock Slide
Frasers Property has elevated Anthony Boyd, who currently serves as chief executive of the Singapore-listed developer and investor’s Australia business, to the newly created role of group chief operating officer as part of a broader leadership shuffle at both the… Read More>>
NTT Opens 22MW Data Centre at Second Campus in India’s Noida
NTT Ltd has launched its second data centre campus in India’s National Capital Region, with the company completing delivery of a 22.4-megawatt facility as the first stage of the complex in Noida.
Dubbed Noida 2, the 6 acre (2.4 hectare)… Read More>>
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