Chinese developer avoids default – just
GUANGZHOU-based developer R&F Properties avoided default on a £800 million project loan for its One Nine Elms development in southwest London by selling its $1.3 billion UK condo and hotel…
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Singapore warehouse sells for 65pc above valuation
THE CapitaLand Ascendas REIT has capitalised on Singapore’s strong performing industrial and logistics sector with the sale of an investment for S$112.8 million, which is more than 65% higher the…
Mitsubishi Estate drives further in Vietnam
VIETNAM’S position as a critical supply chain destination in Asia has been further cemented by Japanese giant Mitsubishi Estate, which unveiled plans for its first logistics facility development in Vietnam.…
Cambodia attracting record levels of Chinese investment
CHINA’S investment in Cambodia has exceeded US$10 billion in the eight months of 2024 with demand for development land showing no signs of slowing. According to the Cambodian Development Council…
Prime office rents stabilising
PRIME office rents across Asia Pacific are starting to stabilise but markets continue to diverge with India shouldering the region’s recovery, according to Knight Frank. The latest Knight Frank Asia-Pacific…
Activia room with others in Kyoto hotel buy
URBAN REIT Activia Properties continues to diversify its portfolio outside of Tokyo, by co-investing in JPY23.9 billion (approximately US$158 million) acquisition of a Kyoto hotel. Activia has committed JPY300 million…
CapitaLand win gold from Olympic Tower Tianjin sale
LODGINGS owner CapitaLand Ascott Trust has sold the Somerset Olympic Tower Tianjin in China, at above book value. CLAS did not disclose the sale price, but the most recent disclosed…
Taeyoung tees off Korean golf course
DEBT distressed Korean builder Taeyoung Engineering & Construction has sold a golf course for over KRW195 billion (approximately US$142 million). The Luna X Golf Course is located in Cheonbuk-myeon, Gyeongju,…
Nexus Select bags Bengaluru shopping mall
INDIA’S first listed REIT, the Nexus Select Trust, has diversified its portfolio with the acquisition of a shopping mall in Bengaluru for INR8.77 billion (approximately US$104.31 million). The trust which…
Megaworld buoyed by success in Pampanga
FILIPINO property developer Megaworld is expanding its residential portfolio in Central Luzon to meet strong demand. The 17-storey Saint-Marcel Residences will offer 361 units and is the fourth residential condominium…
Gaolu and Black Kite fly higher in China
CHINA’S leading logistics players Gaolu Group and Black Kite Property will join forces, which will position them to take advantage of new growth initiatives in Greater China and abroad. Founded…
JPR divests underperforming offices for significant premium
JAPAN Prime Realty (JPR) has sold two properties that have low profitability for a combined JPY20.35 billion (approximately US$135 million). The trust has sold the JPR Sendagaya and JPR Nagoya…
Rate cut fuels Singapore industrial activity
THE US Federal Reserve interest rate cut has had an immediate effect on Singapore’s industrial property market, according to Knight Frank, as evidenced by the Frasers Logistics & Commercial Trust’s…
LaSalle plays monopoly in Tokyo
THE LaSalle Logiport REIT (LLR) has sold and bought warehouses in Tokyo for JPY13 billion (approximately US$86.313 million) through an exchange. LJPF GK has acquired the Logiport Kawagoe property located…
New kid on the block developer expands in Bhandup
INDIA’S newly listed real estate company Arkade Developers will invest INR570 cr to develop seven residential towers in Mumbai’s eastern suburb of Bhandup. The project, Arkade Rare will occupy three…
Siamese Asset secures Thai mall
THAI property developer Siamese Asset has acquired the leasehold to a department store “Forum Plaza” in the Chonburi Province. The Forum Plaza is located on Sukhumvit Road (Highway 3), Bang Pla…
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