The asset management arm of Korean financial services giant KB Financial Group has completed its KRW 850 billion ($630 million) purchase of the Samsung SDS Tower in Seoul, according to a statement by property consultancy Colliers, in Asia’s second largest… Read More>>
Singapore’s CapitaLand Ascott Trust Selling Pair of Sydney Hotels for $71M
CapitaLand Ascott Trust has agreed to sell two Sydney hotels for A$109 million ($71 million), as part of what the trust’s manager describes as a portfolio restructuring effort, following its September deal to sell four French assets.
Located outside of… Read More>>
EQT Makes Fresh Attempt at $6.5B Global Switch Buy and More Asia Real Estate Headlines
Sweden’s EQT has renewed its pursuit of Chinese-owned data centre operator Global Switch, with that deal leading Mingtiandi’s today headline roundup. Also in the news, CalPERS doubles down on climate-related investments and Blackstone turns its attention to Japan and India.
Korea’s POBA Commits $100M to US Real Estate Credit Fund 3560 REIT
US commercial real estate lender and loan servicing firm 3650 REIT said late last week that it has received a $100 million commitment from Korea’s Public Officials Benefit Association for a US real estate credit fund focused on bridge and… Read More>>
Spotlight on Southeast Asia Logistics at Mingtiandi Singapore Forum
Following the pandemic Southeast Asia has seen a boom in manufacturing as investors diversify supply chains with industrial developers in Vietnam and Indonesia having been some of the leading beneficiaries of this market shift.
During the third quarter foreign direct… Read More>>
WeWork Creditors Battle for Post-Restructuring Control and More Asia Real Estate Headlines
Creditors of defaulting shared office provider WeWork are now fighting over control of the company as it enters restructuring, with that story leading Mingtiandi’s headline roundup today. Also making the cut is a “final adjournment” of China Evergrande’s liquidation hearing… Read More>>
Singapore’s JL Family Office Buying Melbourne Shed for First Aussie Acquisition
The Land Managers is making its first direct purchase in Australia after the real estate investment division of Singapore’s JL Family Office teaming up with unidentified co-investors to acquire a Melbourne logistics facility for A$26.5 million ($16.8 million), the company… Read More>>
Phoenix, CapitaLand, CPPIB and Ivanhoe Cambridge Join Tuesday Office Panel
With interest rates putting a damper on acquisitions of trophy office towers and building owners in some cities beginning to become cash-constrained, value-add and opportunistic strategies have become the favoured approaches to office investment in Asia Pacific this year.
To… Read More>>
Country Garden Sells Melbourne Project to Frasers After Bond Default
Country Garden Holdings has agreed to sell an unfinished housing project near Melbourne, Australia to Singapore’s Frasers Property, market sources have confirmed to Mingtiandi, with the asset sale emerging during the same week that China’s largest developer formally defaulted on… Read More>>
GLP in Talks to Sell Mainland Assets and More Asia Real Estate Headlines
Warehouse giant GLP leads today’s collection of real estate headlines from around the region with the industrial specialist in discussions to sell some of its mainland assets to China Railway Materials. Also in the news, iPhone maker Foxconn is reported… Read More>>