Buyers flock to Quezon City’s newest residences
DEVELOPER Robinsons Land Corporation’s latest project MIRA by RLC Residences in Quezon City has become one of the most sought-after residential developments. The first tower of MIRA has reached 80%…
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Recent News
Icheon logistics warehouse sells for KRW70bn
KB Real Estate Trust has sold a logistics warehouse facility in Icheon, about one hour from downtown Seoul for KRW69.33 billion (approximately US$52 million). The Logistics Center is located at…
ESR Logos REIT sells Singapore asset for 16pc premium
THE ESR-LOGOS REIT has sold an industrial building in Singapore for S$35 million. The sale price represents a 16.7% premium above the valuation of S$30.0 million. Located at 81 Tuas…
Lotte makes hotel reservation in Gangnam
KOREA’S largest listed REIT, Lotte REIT, has diversified into the hotel and lodging sector with the KRW300 billion (approximately US$250 million) acquisition of a prime property in Gangnam. The trust…
Lendlease and Warburg Pincus bring to life new JV
LENDLEASE and Warburg-Pincus have minted their new joint venture platform with the S$1.6 billion acquisition of life sciences, technology, advanced manufacturing and logistics assets in Singapore. The 50-50 joint venture…
China Petroleum divests Taiwan development
STATE-owned chemicals manufacturing and property development company, China Petrochemical Development Corporation, has divested a portfolio of properties for more than NT$7.616 billion (approximately US$240 million). The company which has interests…
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…
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