Wheelock secures HK industrial for US$ 93m

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…

By Nelson Yap 1 Min Read

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Insurance giant in Taoyuan US430m play

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…

By Nelson Yap 1 Min Read

Google earmark US$1bn for Thai data centre

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…

By Nelson Yap 2 Min Read

GOR received offer too good to refuse

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…

By Nelson Yap 2 Min Read

Golden MV has the midas touch

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…

By Nelson Yap 1 Min Read

China Jimao takes control of residential project

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…

By Nelson Yap 1 Min Read

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…

By Nelson Yap 9 Min Read

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…

By Nelson Yap 1 Min Read

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…

By Nelson Yap 2 Min Read

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…

By Nelson Yap 1 Min Read

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…

By Nelson Yap 2 Min Read

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…

By Nelson Yap 1 Min Read

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…

By Nelson Yap 3 Min Read

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…

By Nelson Yap 5 Min Read

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…

By Nelson Yap 2 Min Read

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…

By Nelson Yap 3 Min Read
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