China life sciences facilities sell for US$227m
A PORTFOLIO of four pharmaceutical, research and development and biotech facilities has sold for RMB 1.65 billion (approximately $US 227.17 million). Humanwell Healthcare Group has purchased the properties from Wuhan…
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AME divests portfolio for MYR119m
THE AME Real Estate Investment Trust (AME REIT) has disposed four industrial investments in Johor, Malaysia for MYR 119.45 million (approximately US$ 26.73 million). The trust has sold the properties,…
Philippines developer increases earnings
INTEGRATED property developer SM Prime has reported a 16% growth in net income in the second quarter of 2024. SM Prime reported a net income of PHP 11.6 billion from…
Parkway boost presence Japan’s retirement sector
ASIA healthcare investor Parkway Life Real Estate Investment Trust has expanded in Japan with the acquisition of a nursing home in Osaka. PLife REIT, one of Asia’s largest listed healthcare…
CBRE expands Asia Pacific sustainability advisory business
CBRE has bolstered its sustainability business in Asia Pacific with the acquisition of Singapore-based firm Paia Consulting. CBRE advisory president Anshuman Magazine said this acquisition will have an impact across…
ESR spends S$772m in Japan and Singapore
THE ESR-LOGOS REIT has snapped up two facilities in Japan and Singapore for a combined S$772.6 million. The trust has acquired the ESR Yatomi Kisosaki Distribution Centre, a modern logistics…
Strata sellers play their cards right
SEVEN office floors within the Solitaire On Cecil building in Singapore’s Chinatown Point have sold for S$371 million, setting new records for the market. Savills Singapore team handled the sale…
OCT buyout Shanghai partner for US$ 283m
A SUBSIDIARY of China state-owned enterprise Overseas Chinese Town (OCT Ltd) has bought out its sister company’s interest in a Shanghai project for RMB 2.05 billion (approximately US$ 283.46 million)…
Philippines takes the stick to POGO industry
THE Philippine government’s decision to ban Philippine Offshore Gaming Operators (POGO) will impact the Manila office market, where they currently occupy about half a million sqm of space. In his…
Thailand thermal energy group warms to Chiang Mai
THAI thermal and renewable energy provider Inter Far East Energy has diversified its interests with the acquisition of the hotel in Chiang Mai for THB 2.371 billion (approximately US$ 65.95…
Nomura makes US$145m real estate trades
ONE of Japan’s largest REITs, the Nomura Real Estate Master Fund has bought and sold over $US 260 million worth of investments in a move to rebalance the diversification of…
Green shoots emerging in Singapore industrial market
SINGAPORE’S industrial occupancy rates and rents are improving and occupiers are tentatively renew leases as the manufacturing sector appears to have turned a corner. According to the latest Knight Frank…
Tropicana sells stake in Selangor mall for US$ 147m
MALAYSIAN property developer Danny Tan Chee Sing’s Tropicana Corporation has sold its majority stake in an underperforming shopping mall for RM680 million (approximately US$ 147 million). TCB held a 70%…
Asia Property Journal Deal Watch
ASIA Property Journal’s weekly comprehensive wrap of property sales and leasing transactions across Asia. Retail Kunming, China Parkson Retail Group has signed a leasing agreement with Kunming Nanya Fengqing…
Taiwan buoyed by strong industrial sales
TECHNOLOGY and manufacturers continue to drive industrial sales in Taiwan with over NT$ 4 billion (approximately $US 121 million) worth of assets changing hands this week. Bluetooth technology components supplier…
Distress properties and bankruptcies rising in Singapore
MORTGAGEE commercial and residential property listings increased in Singapore and are expected to rise further for the remainder of 2024 as higher costs put pressure on investors and owners. According…
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