Innolux makes significant profit from Nanjing sale
LCD manufacturer Innolux Corporation has sold a major manufacturing facility in Nanjing, the capital of Jiangsu Province in eastern China for a significant profit. Innolux has sold the properties located…
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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…
One floor at BOA HK tower fetches over US$33m
PROPERTY developer Sino Land Company has acquired an office floor within the Bank of America Tower, one of the 29 Hong Kong Island buildings in the Symphony of Lights, for…
Investors approve US$112m mall sale
INVESTORS in China LVGEM have approved the sale of Hongwan Shopping Mall in the Guangdong province for RMB 813.87 million (approximately US$ 112.22 million). The purchaser is Shenzhen LVGEM. Located…
Invincible shows confidence in Japan tourism industry
INVINCIBLE Investment Corporation has cemented its position as the largest hotel owner amongst all J-REITs with a JPY 104.420 billion (approximately USD$ 667.96 million) portfolio acquisition. The transaction was struck…
Genting Plantations sow future in West Java
MALAYSIAN conglomerate Genting Plantations has acquired two large land parcels in Indonesia’s West Java Province for IDR 2,052 billion (approximately USD$126.70 million). The two parcels comprise approximately 152 hectares and…
CapitaLand seals Mumbai for SGD$ 109m
THE CapitaLand India Trust has acquired an office building in Navi Mumbai, India for RS 6.76 billion (approximately S$ 108.99 million). The trust acquired Building Q2 at Aurum Q Parc…
Daiwa sells office for 55% above book value
DAIWA Real Estate Asset Management has sold a Tokyo office building to a sister company for JPY 9.8 billion (approximately USD$ 62.67 million) on a yield of 1.43%. DREAM sold…
ESR signs sustainable labelling provider in Mumbai
HELSINKI-based UPM Raflatac has signed a leasing agreement with real asset manager ESR to lease industrial space in Mumbai, India’s second largest city. UPM, a world-leading sustainable labelling solutions provider,…
Manufacturing drives Singapore industrial demand
SINGAPORE’S industrial property market has capitalised on strong demand from the manufacturing sector and data centres, with transactions and rents rising in the Q2. Knight Frank Singapore head of occupier…
Sino Ocean avoids liquidation with debt restructure
REAL estate developer Sino Ocean has staved off liquidators after making significant progress through discussions with its creditors to restructure the group’s offshore multi-billion-dollar debt facility. Sino Ocean said it…
Tuan Sing completes SGD$ 140m Riverside Promenade acquisition
TUAN Sing has assumed ownership of the Fraser Residence River Promenade, a newly completed mixed-use precinct at Jiak Kim Street, along the Singapore River. The company bought the property in…
Samsung REIT secures Gyeonggi-do office
THE Samsung FN REIT has expanded its portfolio with the KRW 125.87 billion acquisition of the Samsung Fire & Marine Insurance Pangyo Building. Following the acquisition, the REIT which was…
Tuan Sing exiting Fujian project
SINGAPORE’S Tuan Sing has sold a major stake in a large land parcel in China’s Fujian Province after over 10 failed attempts to development the site. Tuan Sing held an…
Chinese manufacturer eyes Thailand expansion
CHINESE optical lens supplier is expanding its manufacturing capabilities in Thailand with the acquisition of a vacant parcel of land in Bangkok. Established in 1996, Shanghai Conant Optical Co has…
Asia Property Journal Deal Watch
ASIA Property Journal’s weekly comprehensive wrap of property sales and leasing transactions across Asia. Development land Taipei, Taiwan Residential and commercial builder Huang Hsing Construction Corporation has bought a…
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