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).…

By Nelson Yap 3 Min Read

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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…

By Nelson Yap 3 Min Read

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…

By Nelson Yap 1 Min Read

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…

By Nelson Yap 4 Min Read

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…

By Nelson Yap 4 Min Read

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…

By Nelson Yap 3 Min Read

LaSalle invests US450m in Seoul logistics

GLOBAL player LaSalle Investment Management has purchased two logistics facilities in Greater Seoul, South Korea for US$450 million. The properties have a total gross floor area (GFA) of 385,946 sqm.…

By Nelson Yap 1 Min Read

Canada’s Manulife boosts exposure to Japan multifamily

THE investment arm of Canada’s largest insurance group Manulife has teamed up with Kenedix to acquire a multifamily portfolio in Japan for JPY23 billion (approximately US$158.26 million). The joint venture…

By Nelson Yap 3 Min Read

Vietnam tourism sector goes gangbusters, exceed pre-COVID

VIETNAM is not only attracting strong foreign investment, but also becoming a destination for international tourists with arrivals skyrocketing by 58.4% in the first half of 2024. International arrivals have…

By Nelson Yap 2 Min Read

China CRE investments fall to lowest level in seven years

CHINA has recorded its lowest level of commercial real estate investments sales in seven years with office transactions recording its worst figures in a decade. According to CBRE, first half-year…

By Nelson Yap 2 Min Read

Innolux divests manufacturing facility for over US$530m

GLOBAL LCD panels maker Innolux Corporation has sold a major manufacturing hub in southern Taiwan for NT$17.14 billion (approximately US$537.27 million). Innolux which employs more than 95,000 people worldwide, has…

By Nelson Yap 1 Min Read

Happy Jollibee! Robisons Hotels bring luxury hotel to Siargao

ONE of the Philippines fastest growing hotel group, Robinsons Hotels & Resorts (RHR) has teamed up with Hira Holdings to open its first luxury villa in Siargao Island. HHI, known…

By Nelson Yap 2 Min Read

Asia Pacific hotel investments rebound

ASIA Pacific’s hotel transactions are returning to pre-pandemic levels, fuelled by investor appetite which is being supported by strong tourism fundamentals. Asia Pacific recorded US$5.7 billion in hotel transactions over…

By Nelson Yap 4 Min Read

Paragon Globe to develop MYR1.5bn apartments in Johor

MALAYSIAN investment company Paragon Globe has secured the development rights for two parcels of land in Johor, which it is plans to invest MYR1.5 billion to build four serviced apartment…

By Nelson Yap 1 Min Read

Investors back CapitaLand’s China business park strategy

SINGAPORE-listed CapitaLand Investment has raised RMB1.2 billion (approximately US$167.9 million) to invest in the business park sector in China, and will spin off the Ascendas iHub Suzhou as a seed…

By Nelson Yap 3 Min Read

Singapore development sales continue to cool

DEVELOPMENT sales in Singapore are expected to fall further as homebuyers remain cautious. Although the latest Knight Frank Monthly Developer Sales for July 2024 reported 571 new sales (excluding executive…

By Nelson Yap 20 Min Read
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