Japanese developer Sekisui House has sold three offices and four residential buildings across Tokyo, Osaka and Kanagawa to its Sekisui House REIT for JPY 70.14bn (US$641.8m). The transaction included the 12,472 sq.m. Akasaka Garden City office building valued at JPY 28.7bn in Tokyo’s Minato ward, the buyer announced last week. The asset is located in a highly-concentrated […]
Singapore’s CapitaLand dominated the real estate fund manager AUM rankings in Asia Pacific last year, as regional strategies attracted a greater slice of global capital. CapitaLand took the top spot with US$55.9bn in Asia Pacific assets under management, followed by GLP with US$36.3bn and Mapletree with US$28.3bn, according to a fund manager survey compiled by […]
Perth-based Perron Group has agreed to acquire a 50% share in the Westfield Burwood shopping centre in Sydney from Scentre Group for A$575m (US$398.2m), reflecting a 4.1% premium. The 63,248 sq.m. shopping centre is located near Burwood train station in Sydney’s inner west, according to Scentre Group. Situated 12km from the CBD, Westfield Burwood has 230 […]
Singapore-listed City Developments Limited (CDL) has agreed to buy a 24% stake in Chinese developer Sincere Property Group and a majority stake in one of its Shanghai commercial assets for a combined RMB 6.7bn (US$973.3m). The deal marks CDL’s single largest investment in China and expands the firm’s geographical presence from 3 cities to 20, […]
Invesco Office J-REIT has agreed to buy two offices in Tokyo and Yokohama City from Godo Kaisha Wing Property for a combined JPY 8.14bn (US$74.2m). The REIT acquired the Otowa Prime Building in Tokyo for JPY 6.83bn and the Techno Wave 100 property in Yokohama City for JPY 1.31bn, according to an announcement. The 5,719 […]
ASX-listed Charter Hall Social Infrastructure REIT has acquired the South Australian Emergency Services Command Centre development in Adelaide for a total consideration of A$80m. The A-REIT purchased the project for A$23m and will fund the remainder of the development to a total value of A$80m, with a 5% coupon received during construction. The complex will […]
Singapore-listed Ascendas Reit has acquired two office buildings in San Francisco, US, for S$768m, marking its foray into the tech capital. 505 Brannan Street, San Francisco The S-REIT bought the seven-storey building at 510 Townsend Street, which has 27,437 sq.m. of net lettable area and is fully let to fintech company Stripe. The company also […]
Sydney-headquartered asset manager Macquarie Infrastructure and Real Assets (MIRA) has made a bid to acquire ASX-listed Vitalharvest Freehold Trust through a share buyout scheme or a A$300m cash bid. The agricultural trust owns four berry properties and three citrus farms across NSW, South Australia and Tasmania, which are leased to Costa Group. MIRA has put […]
Shares in Tokyo-listed Nippon REIT rose yesterday after completing almost ¥9bn of office and residential acquisitions across Tokyo, Osaka, Nagoya, and Fukuoka. In Tokyo, the REIT purchased the UNIZO Kandasudacho 2-chome office building for about ¥1.3bn and the REID-C Megurofudomae office asset for more than ¥1.2bn. Nippon REIT purchased The Square office building in Nagoya […]
Singapore-listed ARA LOGOS Logistics Trust has raised S$50m through a private placement to help fund its recent acquisition of five logistics properties in Australia. The S-REIT closed the book of orders on Tuesday after placing almost 90.5m new units at S$0.5525 per new unit. “The private placement saw strong participation from a broad spectrum of […]
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