Market gives Midea spin off a thumbs up
CHINESE developer Midea Real Estate Holdings received positive reaction from the market about its proposed plans to spin off the property development business. The company’s stock price jumped by 70%…
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HKMU buys hotel to meet with student demand
IN a bid to meet growing demands from students, the Hong Kong Metropolitan University (HKMU) has bought a brand-new hotel in Hung Hom which it intends to repurpose for student…
Hines drive growth in Singapore logistics
HOUSTON-based global investment firm Hines has joined forces with Japanese institutional partners for the first time to further drive its growth in Singapore’s logistics market. Hines has partnered with Mitsubishi…
Asia Property Journal Deal Watch
ASIA Property Journal’s weekly comprehensive wrap of property sales and leasing transactions across Asia. Industrial Penang, Malaysia Singapore’s UMS Holdings has acquired a 5.38 acres leasehold industrial land in…
Johor vies for greater slice of data centre pie
MALAYSIAN developer UEM Sunrise Berhad has joined forces with LOGOS to developing a data centre campus in Johor Bahru, as Malaysia seeks to capitalise on the increasing demand for digital…
Mindspace Business Parks REIT secures green financing
INDIA’S green revolution continues with commercial real estate investment trust Mindspace Business Parks REIT securing INR 6.5 billion in its latest round of funding. The transaction also attracted a new…
Keppel REIT creates Green Financing Framework to support sustainability
THE Keppel REIT has established a Green Financing Framework to support its environmental, social and governance (ESG) targets and commitments. The Framework was developed in alignment with the four core…
Nippon REIT double sale fetches JPY 3.8bn
THE Nippon REIT has sold two assets in Tokyo and Osaka for a combined JPY 3.885 billion. Keio Corporation has acquired an office, the Nihombashi Playa Building in Tokyo for…
Alibaba Cloud closes India data centre
ALIBABA Cloud will close its data centres in Mumbai, India by the end of the month. The two centres were opened in 2016 and the company has recommended customers migrate…
Asia Pacific Hotel market changes to meet new demands, CBRE
LEADING real estate agent CBRE, reports that with the Asia Pacific hotel market continuing to undergo structural change, hotel owners and operators are fine-tuning operational and branding strategies. CBRE found…
Hongkong Land shows confidence in Chengdu retail
DIVERSIFIED property developer Hongkong Land has launched its first wholly-owned commercial property in China’s fourth most populous city of Chengdu. The Ring, Chengdu is also the second “The Ring” series…
Hot Japan hotel market book over USD500m in transactions
INVESTORS continue pour into Japan’s hotel market. This week the world’s third most popular tourism destination reported over JPY87 billion (approximately USD$550 million) worth of hotels changing hands. The largest…
Global investor and Kenedix move in together for “Kolet”
REAL estate asset manager Kenedix has established a new fund with an undisclosed global institutional investor targeting Japan’s single-family rental properties with an investment of JPY40 billion (approximately USD$250 million).…
Asia Pacific tourism on road to full recovery
RECOVERY in international tourism in the Asia Pacific region will continue this year. Credit ratings agency Fitch has forecasts visitation to reach 92% of the 2019 level, with nominal international…
ESR drives expansion in China logistics
PAN Asia industrial player ESR is looking to raise RMB2.438 billion (approximately USD$336 million) for a new logistics real estate investment trust (REIT) in China. ESR has secured approval from…
Singapore office rents growth slow as occupiers put their foot down
OFFICE tenants have begun resisting higher asking rents in Singapore and exploring alternative arrangements which has resulted in Prime Grade rental growth slowing in the Q2 2024. According to Knight…
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