Fukuoka REIT recalibrates portfolio
REGION specific real estate investment trust Fukuoka REIT is running hot in the late stages of summer, buying and selling over JPY19 billion (approximately US$130 million) worth of assets. The…
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Wheelock secures HK industrial for US$ 93m
DEVELOPER Wheelock Properties has acquired an industrial property on Hong Kong Island for HK$ 728 million (approximately US$ 93.46 million). The property was acquired via a compulsory auction. The Hop…
Singaporean owners mull stratification to meet rising demand
OFFICE and retail property owners in Singapore are increasingly considering the stratification of their assets to capitalise on the smaller businesses and private wealth groups-led demand. Knight Frank’s latest Singapore…
LHN sells car park to invest in co-living
REAL estate manager LHN has recycled its significant profit from a car park sale into Singapore’s burgeoning co-living sector. LHR has acquired Wilmer Place at 50 Armenian Street in 50:50…
Creditors sell Mumbai developer for US$ 32m
LISTED property developer Oberoi Realty has received approval to buy Mumbai-based Nirmal Lifestyle Realty from creditors for Rs 273 crore (approximately US$ 32.51 million). The Mumbai Law Tribunal approved the…
Nomura shows confidence in Hokkaido tourism market
THE Nomura Real Estate Master Fund has snapped up a prime hotel in Hokkaido, as Japan’s tourism industry aims to welcome 60 million international visitors by the end of the…
Macquarie acquires Seoul data centre for US$530m
MACQUARIE Asset Management, the world’s largest infrastructure manager, is increasing its exposure in digital infrastructure with the acquisition of a data centre in South Korea for KRW 734 billion (approximately…
FILRT reaches sustainability milestone
PHILIPPINES’ Filinvest REIT (FILRT), continues to lead the way in sustainability, announcing that 16 out of its 17 buildings, comprising 94% of its portfolio, are now fully powered by renewable…
Asia Pacific capital markets turning the corner
COMMERCIAL real estate investment volumes have recovered from the 2023 downturn. According to JLL’s data, CRE volumes increased by 2% over the 12 months to Q2 2024 totalling US$ 27.3…
Industrial and logistics J-REITs getting married
INDUSTRIAL and logistics J-REITs, the Mitsui Fudosan Logistics Park and Advance Logistics have announced a merger to create a US$ 4 billion entity. Under the proposal Mitsui Fudosan Logistics Park…
Evergrande sues founder and executives to recover $6bn
CHINA Evergrande, the world’s most indebted property developer and under liquidation, is taking legal action against its founder and former executives, in a bid to recover US$ 6 billion. Evergrande…
Bain Capital expands in Malaysia, taking advantage of data centre boom
US private equity giant Bain Capital is accelerating its investment in data centres in Asia Pacific, with the acquisition of two significant sites in Malaysia’s Johor for US$ 75 million.…
Megaworld invests US$200m in wellness township in Batangas
THE Philippines most awarded township developer Megaworld has unveiled plans to invest PHP 12 billion (approximately US$ 200 million) to develop wellness project the picturesque seaside province of Batangas. It…
Sekisui House REIT buys Prime Maison apartments
THE Sekisui House REIT has strengthened its rental business with the acquisition of almost 300 apartment units in Tokyo for over US$ 106 million on a yield of 3.1%. SHR…
Advance Logistics secure triple investments
ADVANCE Logistics Investment Corporation has acquired a portfolio of three warehouses for a combined JPY 10.76 billion (approximately US$ 73.76 million). The REIT has acquired the assets from related companies,…
Taiwanese semiconductor giant expands in Japan
TAIWAN’S ASE Technology, the world’s largest semiconductor assembly and testing company, has secured a major site in Kitakyushu, Japan’s ‘Silicon Island’. ASE has acquired a site at Hibikinokita, Wakamatsu-ku, Kitakyushu…
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