APAC REIT Daily: Lendlease Global REIT wins Singapore redevelopment tender

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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 […]

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People moves: AMP Capital, JLL, Savills

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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 […]

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Allianz, SP Group fund buys Hyderabad business park for US$250m

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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 […]

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KKR, investors sell South Korean warehouse to Pebblestone

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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 […]

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APAC REIT Daily: Activia shares jump on commitment line renewal

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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 […]

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Nuveen Real Estate enters Korean market with logistics deal

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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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