EQT Asia buys PropertyGuru for US$1.1bn
BILLIONAIRE Jean Salata’s EQT Asia has purchased property technology company and real estate portal PropertyGuru for US$1.1 billion. The acquisition will result in the delisting of PropertGuru from the New…
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Singapore retail growth flatline
CONTINUED economic uncertainty and weak retail sales have seen landlords prioritise keeping tenants, resulting in retail rental growth slowing across Singapore. Average monthly rents in the Orchard Area rose by…
Marimo REIT goes on shopping spree
DIVERSIFIED real estate investment trust Marimo Regional Revitalization REIT has gone on a spending spree, acquiring four assets for a combined JPY9.1 billion (approximately US$63.26 million). In two separate transactions,…
SNC Former sells warehouse for a cool THB1 billion
AIR conditioner parts maker SNC Former has sold a warehouse and office in the Rayong Province in Thailand for THB1 billion (approximately US$29.42 million). The property was acquired by Montri…
Macquarie backed Japan logistics development sold to consortium
A CONSORTIUM of Japanese investors has acquired a newly completed logistics facility in Shiga Prefecture, Greater Kansai from Unified Industrial and its backer Macquarie. UI Konan is the first ramped…
Nippon REIT refresh portfolio with triple sales
THE NIPPON REIT Investment Corporation has sold three assets as part of its strategy to improve the metrics of its portfolio. The three sales total JPY3.078 billion (approximately US$21.387 million).…
Heiwa signs Hyatt in Sapporo
CHICAGO-based global hotelier Hyatt continues to expand its presence in Japan after an agreement with Heiwa Real Estate to manage a new luxury hotel, under the Park Hyatt brand, in…
Singapore investors attracted to UK student housing
FAR East Orchard has established its first private fund in Singapore – FE UK Student Accommodation Development Fund, to invest in purpose-built student accommodation (PBSA) in the United Kingdom. The…
Christie’s target Singapore’s luxury real estate market
GLOBAL prestige agency Christie’s International Real Estate has launched into Singapore as part of its Southeast Asia expansion strategy. The firm is led by Singapore-based Harmeet Singh Bedi & Dipika…
Asia Property Journal Deal Watch
ASIA Property Journal’s weekly comprehensive wrap of property sales and leasing transactions across Asia. Retail Gerik, Malaysia The KIP REIT has acquired a leasehold retail property near Gerik town…
Star Asia takes a shine to Japan’s hotel sector
PENSION funds-backed real estate investor Star Asia Investment Management has backed Japan’s booming tourism market by acquiring interests in four hotels for JPY34.7 billion (approximately US$236 million). Star Asia has…
LaSalle invests US450m in Seoul logistics
GLOBAL player LaSalle Investment Management has purchased two logistics facilities in Greater Seoul, South Korea for US$450 million. The properties have a total gross floor area (GFA) of 385,946 sqm.…
Canada’s Manulife boosts exposure to Japan multifamily
THE investment arm of Canada’s largest insurance group Manulife has teamed up with Kenedix to acquire a multifamily portfolio in Japan for JPY23 billion (approximately US$158.26 million). The joint venture…
Vietnam tourism sector goes gangbusters, exceed pre-COVID
VIETNAM is not only attracting strong foreign investment, but also becoming a destination for international tourists with arrivals skyrocketing by 58.4% in the first half of 2024. International arrivals have…
China CRE investments fall to lowest level in seven years
CHINA has recorded its lowest level of commercial real estate investments sales in seven years with office transactions recording its worst figures in a decade. According to CBRE, first half-year…
Innolux divests manufacturing facility for over US$530m
GLOBAL LCD panels maker Innolux Corporation has sold a major manufacturing hub in southern Taiwan for NT$17.14 billion (approximately US$537.27 million). Innolux which employs more than 95,000 people worldwide, has…
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