Here’s how listed real estate investment trusts (REITs) performed across Asia Pacific on Friday, 12 June 2020. Singapore The FTSE ST Real Estate Investment Trusts index declined 1.19% to 823.64, while the Straits Times index closed 0.72% lower at 2,684.63. After the markets closed on Friday, Lendlease Global REIT (JYEU) announced it had won a […]
Singapore-listed Mapletree Industrial Trust has agreed to buy a data centre in the US state of Virginia for as much as US$262.1m. The property is fully leased on a triple net basis with a balance lease term of more than five years to a multinational company with strong credit standing. The S-REIT said the purchase […]
In this week’s People Moves: JLL promotes Ting Lim; AMP Capital restructures its real estate team; Savills India recruits new director; Colliers appoints new investment services director; Knight Frank expands its prestige residential team; and CBRE appoints new Gold Coast director. Ting Lim (image: JLL) Ting Lim has been promoted to lead JLL‘s capital markets […]
Champion REIT (2778) recorded a 5.4% fall in net property income to HK$1.19bn during the first half of 2020, compared to the same period last year. The value of its Hong Kong office and retail assets declined 11.3% to HK$71.9bn since December last year, with net asset value per unit falling 14.5%. The REIT set […]
A fund co-owned by Allianz Real Estate and India conglomerate Shapoorji Pallonji (SP) Group has purchased the WaveRock business park in Hyderabad, India for US$250m. The deal comprises four office towers offering 2.4m sq.ft. of total leasable area in the Gachibowli financial district, a high-growth IT hub and established employment corridor, Allianz announced in a […]
A consortium led by US-headquartered investment manager KKR has sold a modern logistics facility in Pyeongtaek City, South Korea to Korean property asset manager Pebblestone Asset Management. Completed in 2019, the BLK Pyeongtaek Logistics Centre features 136,500 sq.m. of gross floor area, making it one of the largest, modern logistics assets in the city, according […]
The COVID-19 pandemic and the resulting economic shock has slammed Asia Pacific commercial real estate investment, with volumes down 50% year-on-year to US$21.3bn in Q1 2020, according to Real Capital Analytics. There were no real estate investment deals greater than $1.0bn in Asia Pacific during the first quarter, while there were 11 such deals completed […]
Here’s how listed real estate investment trusts (REITs) performed across Asia Pacific on Wednesday, 10 June 2020. Japan The Tokyo Stock Exchange REIT Index finished 0.16% higher at 1,761.42, in line with the Nikkei 225 Index, which rose 0.15% to 23,124.95. Activia Properties Inc. (3279) renewed its JPY 12bn commitment line agreement with Sumitomo Mitsui […]
In Australia, Charter Hall Group (CHC) has acquired a $115m logistics property in Sydney on behalf of its Charter Hall Prime Industrial Fund and Charter Hall Direct Industrial Fund No.4, reflecting a 4.75% core cap rate. The Erskine Park distribution facility has 43,000 sq.m. of gross lettable area, and was originally developed as the national […]
Nuveen Real Estate’s Asia Pacific Cities Fund (APCF) has acquired a 24,400 sq.m. last-mile logistics facility in the Greater Seoul area, marking the investment manager’s first deal in the country. Located in Namyangju City, 20km northeast of the Seoul CBD, the newly-built property is fully let to local e-commerce leader Coupang and major convenience store […]
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