LODGINGS owner CapitaLand Ascott Trust has sold the Somerset Olympic Tower Tianjin in China, at above book value. CLAS did not disclose the sale price, but the most recent disclosed…
GLOBAL asset manager PGIM Real Estate in a joint venture with Elevate Capital, have confirmed the acquisition of Stamford Court, and plan to transform the asset into a co-working hub…
CAPITALAND’s lodging business unit, the Ascott has entered into a joint venture with China’s largest hotelier, Jin Jiang Hotels, to pursue an asset-light expansion in the PRC through the TULIP…
REAL estate developer Swire Properties is set to make a splash in the Chinese real estate market with the launch of its first residential project in the Mainland, the Lujiazui…
KDX Realty has sold two aging office buildings in Tokyo and Osaka for over JPY3.6 billion. The trust has sold the KDX Monzen-Nakacho Building for JPY1.60 billion and KDX Kitahama…
IN a strategic move aimed at consolidating its market presence, Tokyo-headquartered builder Daito Trust Construction will acquire real estate brokerage firm Housecom. Daito’s acquisition aligns with its “Vision 2030” initiative—a…
THE CapitaLand Ascendas REIT has capitalised on Singapore’s strong performing industrial and logistics sector with the sale of an investment for S$112.8 million, which is more than 65% higher the…
VIETNAM’S position as a critical supply chain destination in Asia has been further cemented by Japanese giant Mitsubishi Estate, which unveiled plans for its first logistics facility development in Vietnam.…
CHINA’S investment in Cambodia has exceeded US$10 billion in the eight months of 2024 with demand for development land showing no signs of slowing. According to the Cambodian Development Council…
PRIME office rents across Asia Pacific are starting to stabilise but markets continue to diverge with India shouldering the region’s recovery, according to Knight Frank. The latest Knight Frank Asia-Pacific…
URBAN REIT Activia Properties continues to diversify its portfolio outside of Tokyo, by co-investing in JPY23.9 billion (approximately US$158 million) acquisition of a Kyoto hotel. Activia has committed JPY300 million…
LODGINGS owner CapitaLand Ascott Trust has sold the Somerset Olympic Tower Tianjin in China, at above book value. CLAS did not disclose the sale price, but the most recent disclosed…
DEBT distressed Korean builder Taeyoung Engineering & Construction has sold a golf course for over KRW195 billion (approximately US$142 million). The Luna X Golf Course is located in Cheonbuk-myeon, Gyeongju,…
INDIA’S first listed REIT, the Nexus Select Trust, has diversified its portfolio with the acquisition of a shopping mall in Bengaluru for INR8.77 billion (approximately US$104.31 million). The trust which…
FILIPINO property developer Megaworld is expanding its residential portfolio in Central Luzon to meet strong demand. The 17-storey Saint-Marcel Residences will offer 361 units and is the fourth residential condominium…
CHINA’S leading logistics players Gaolu Group and Black Kite Property will join forces, which will position them to take advantage of new growth initiatives in Greater China and abroad. Founded…
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