KG Dongbu sells excess industrial property
SOUTH Korean metal products maker KG Dongbu Steel has sold a valuable piece of land in the Chungcheongnam, a province in South Korea’s Hoseo region, for almost US$80 million. The…
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Bank of Chengdu pays $250m for new HQ
AFTER outgrowing its current offices, the Bank of Chengdu (BoCD) has reached an agreement to buy its future headquarters for around US$ 250 million. BoCD will buy the newly built…
Singapore logistics rent outperform
SINGAPORE’S logistics market has emerged as the star performer in Asia, recording annual rental growth of 10.8%, its best result in 10 years. According to the Knight Frank Asia-Pacific Logistics…
ASE charges into Kaohsiung
ADVANCED Semiconductor Engineering (ASE), the world’s largest semiconductor assembly and testing company, has purchased a facility in Kaohsiung, a massive port city in southern Taiwan, for over US$ 162 million.…
GLP sells Japan logistics for 55pc above book value
INDUSTRIAL and logistics player GLP J-REIT has capitalised on the strength of market by selling a portfolio of assets in Japan for over 55% the book value. GLP has divested…
Sovereign wealth fund injects $134m in Singapore life sciences
PROPERTY developer Ho Bee Land has sold a 49% stake in a life sciences building to the Brunei sovereign wealth fund for S$ 134 million. Elementum is a state-of-the-art biomedical…
Swire unveils landmark Shanghai development
SWIRE Properties has teamed up with Lujiazui Group for a new mixed-use development in the heart of Shanghai’s Pudong New Area. The Lujiazui Taikoo Yuan project located in Yangjing Riverside,…
Robinsons Land and BCDA unveil landmark development in Taguig City
PHILIPPINES developer Robinsons Land Corporation (RLC) is planning to develop a prestigious mixed-use development in Taguig City in a partnership with the Bases Conversion and Development Authority (BCDA). Occupying a…
Princeton plugs into Yahoo data centre
WARBURG Pincus-backed digital infrastructure real estate developer Princeton Digital Group (PDG) has grown its footprint in Singapore. The company has purchased Yahoo’s Singapore data center facility, SG3, a 5,400 sqm…
Chinese developer R&F defaults on debt payment
PROPERTY developer Guangzhou R&F Properties is considering alternative solutions after missing the interest payments on it US$ 4.53 billion offshore bonds. R&F has missed three payments totalling US$ 147 million,…
Asia Property Journal Deal Watch
ASIA Property Journal’s weekly comprehensive wrap of property sales and leasing transactions across Asia. Retail Hong Kong Shop A&B at Nos. 444 - 452 Des Voeux Road West, Hong…
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…
Singaporean owners mull stratification to meet rising demand
OFFICE and retail property owners in Singapore are increasingly considering the stratification of their assets to capitalise on the smaller businesses and private wealth groups-led demand. Knight Frank’s latest Singapore…
LHN sells car park to invest in co-living
REAL estate manager LHN has recycled its significant profit from a car park sale into Singapore’s burgeoning co-living sector. LHR has acquired Wilmer Place at 50 Armenian Street in 50:50…
Creditors sell Mumbai developer for US$ 32m
LISTED property developer Oberoi Realty has received approval to buy Mumbai-based Nirmal Lifestyle Realty from creditors for Rs 273 crore (approximately US$ 32.51 million). The Mumbai Law Tribunal approved the…
Nomura shows confidence in Hokkaido tourism market
THE Nomura Real Estate Master Fund has snapped up a prime hotel in Hokkaido, as Japan’s tourism industry aims to welcome 60 million international visitors by the end of the…
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