CapitaLand win gold from Olympic Tower Tianjin sale

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…

By Nelson Yap 2 Min Read

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PGIM and Elevate Capital confirm Stamford Court buy

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…

By Nelson Yap 3 Min Read

Ascott China asset-light strategy blossoms with TULIP LODJ

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…

By Nelson Yap 4 Min Read

Swire Properties launches maiden residential project in PRC

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…

By Nelson Yap 2 Min Read

KDX divest two older offices

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…

By Nelson Yap 4 Min Read

Daito expands with takeover of Housecom

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…

By Nelson Yap 2 Min Read

Singapore warehouse sells for 65pc above valuation

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…

By Nelson Yap 1 Min Read

Mitsubishi Estate drives further in Vietnam

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.…

By Nelson Yap 3 Min Read

Cambodia attracting record levels of Chinese investment

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…

By Nelson Yap 2 Min Read

Prime office rents stabilising

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…

By Nelson Yap 4 Min Read

Activia room with others in Kyoto hotel buy

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…

By Nelson Yap 1 Min Read

CapitaLand win gold from Olympic Tower Tianjin sale

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…

By Nelson Yap 2 Min Read

Taeyoung tees off Korean golf course

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,…

By Nelson Yap 1 Min Read

Nexus Select bags Bengaluru shopping mall

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…

By Nelson Yap 1 Min Read

Megaworld buoyed by success in Pampanga

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…

By Nelson Yap 1 Min Read

Gaolu and Black Kite fly higher in China

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…

By Nelson Yap 3 Min Read
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