Singapore office tenants remain cautious
LEASING activity in Singapore’s office market remains slow as tenants, particularly the large multinationals, continue to tighten their purse strings in a bid to save costs. The vacancy rate for…
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Asia Property Journal Deal Watch
ASIA Property Journal’s weekly comprehensive wrap of property sales and leasing transactions across Asia. Office Samut Prakan, Thailand Thai Future has leased part of its office at Samut Prakan…
Yuexiu Property US$140m bid lands residential opportunity
GUANGDONG-based real estate developer Yuexiu Property has made a winning bid of RMB980.06 million (approximately US$140 million) to acquire a major development site in Guangzhou. The company will acquire the…
Princeton expands in India with Mindspace REIT
THE Princeton Digital Group (PDG) has unveiled plans to develop their largest data centre campus in India, at Mindspace REIT’s Business Park at Airoli West. This new agreement will expand…
The Hour Glass identifies good timing
SINGAPOREAN luxury watches retail group The Hour Glass has made an opportunistic move with the S$68.5 million purchase of two office floors, as strata office sales continue to dial up…
Taicang government buys recreational assets
LEISURE and lifestyle group, Fosun Tourism, continues to pursue its asset light strategy by selling its properties in China’s Jiangsu Province for RMB393.63 million (approximately US$56.087 million). The properties are…
Mori Hills REIT heading in right direction
JAPANESE family-owned property management firm Mori Building has backed its Mori Hills REIT by increasing its interest in the trust. Mori Building will buy 95,800 units in the REIT for…
Shake it off! Japan records sharpest value increase since 1992
JAPAN has shaken off the Lost Decades of economic stagnation caused by the real estate and stock market bubble burst in the 1990, after recording its highest increase in land…
Ascott eyes more rooms for growth
GLOBAL lodging business Ascott has expanded its footprint in Southeast Asia with 28 new properties, adding over 3,400 rooms to its portfolio. The new signings will boost Ascott’s Southeast Asia…
Sapporo brew plans to spin off US$880m real estate assets
JAPANESE beer brewing giant Sapporo has advanced its plans to unlock liquidity from its US$880 million real estate assets. The company this week announced the appointment of Nomura Securities as…
Singaporean and Japanese players set sights on India logistics
MITSUBISHI Estate Company, one of the largest real-estate developers in Japan, and Singapore-based Rava Partners-backed Logicap Management have joined forces to develop industrial and logistics facilities in India. Logicap said…
Daiwa log into data centre sector
RENEWABLE energy asset manager Daiwa Energy & Infrastructure has set its sights on the data centre sector as the appetite for digital infrastructure shows no signs of slowing in Japan.…
ESRKS pursues growth strategy
ESR Kendall Square REIT, Korea's largest logistics REIT, has increased its presence in Icheon after acquiring a prime facility from a private equity fund for over KRW76 billion. ESRKS has…
Japan Prime Realty sells Tokyo office and check-in at Nagoya
DIVERSIFIED property group Japan Prime Realty has reweighed its portfolio towards the buoyant hotel market by selling a Tokyo office building as more Japanese workers adopt hybrid and remote work…
JustCo takes advantage of hybrid work demand
FLEXIBLE workspace provider JustCo is accelerating its expansion in Asia Pacific with four new locations in Bangkok, Taipei, Seoul and Tokyo. Co-founder Kong Wan Long said the regional meets the…
Asia Property Journal Deal Watch
ASIA Property Journal’s weekly comprehensive wrap of property sales and leasing transactions across Asia. Industrial Shanghai, China A subsidiary of China Ever Grand Financial Leasing Group has sold an…
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