DEVELOPER Wheelock Properties has acquired an industrial property on Hong Kong Island for HK$ 728 million (approximately US$ 93.46 million). The property was acquired via a compulsory auction. The Hop…
TAIWAN’S first and oldest life insurer has snapped up two properties in Taoyuan for over NT$13 billion (approximately US$430 million). Taiwan Life, through CTBC Financial Holding, has acquired the properties…
ALPHABET Inc’s Google is launching its first data centre in Thailand after unveil plans to invest US$1 billion to deliver new digital infrastructure as demand from cloud, artificial intelligence and…
JAPANESE REIT, the Global One Real Estate, is selling the Arca Central complex in Tokyo for JPY18.5 billion (approximately US$128.40 million) after receiving a generous offer. The sale price is…
FILIPINO billionaire, former senator and the 20th President of the Senate of the Philippines, Manuel Villar Jr’s property development company Golden MV, has acquired a significant development site in Villar…
CHINA Jinmao, an arm of state-owned Sinochem Corporation, has bought out its partner’s interest in a residential project in China’s Shaanxi Province for RMB1.664.74 billion (approximately US$237.2 million). China Jinmao…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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