Allianz Real Estate, the property arm of the German insurer, grew its Asian business by more than a third to US$3.4bn (€3bn) in 2018. The real estate investment manager inked a string of deals across the region last year, as part of a push to diversify its locations, asset classes, investment styles and structures, according […]
ASX-listed Home Consortium has agreed to acquire two retail properties in western Sydney for A$220m, as it prepares to list its HomeCo Daily Needs REIT in November. The Glenmore Park town centre is a Woolworths, Coles and ALDI anchored centre with over 40% of gross income derived from supermarkets, while the second property is a […]
Tokyo-listed Nomura Real Estate Master Fund has acquired a logistics warehouse in Tokyo from Nomura Real Estate Development for ¥14.62bn. The Landport Ome II property is located 2.4km from the Ome interchange on the Ken-O expressway and near national route 16, allowing for wide-area delivery to the entire Tokyo metropolitan area. The three-storey slope facility […]
Singapore-listed Ascendas REIT has bought a suburban office building development in Sydney from Frasers Property Industrial and Winten Property for A$167.2m. Located at 1 Giffnock Avenue in Macquarie Park, the property will be developed on a 3,308 sq.m. site and feature 19,384 sq.m. of net lettable area once completed in 2022. The nine-storey building is […]
ASX-listed Scentre Group has raised US$3bn in new debt, issuing subordinated hybrid notes in the US markets for the first time. The retail REIT issued US$1.5bn of 60-year, non-call 6-year subordinated notes with a coupon of 4.75% and US$1.5bn 60-year, non-call 10-year subordinated notes with a coupon of 5.125%. The group said the new financing […]
Shareholders of Singapore-listed CapitaLand Mall Trust and CapitaLand Commercial Trust have overwhelmingly approved their proposed merger, paving the way for the largest REIT in Singapore. The new trust, CapitaLand Integrated Commercial Trust, is expected to be one of the largest REITs in Asia Pacific. It will become the largest REIT in Singapore by market cap […]
A joint-venture led by AXA Investment Managers – Real Assets, the property arm of the French insurer, has snapped up an office development in Tokyo and pre-let the entire building to flexible workspace provider IWG. The project will offer about 3,500 sq.m. of grade A office workspace in the Roppongi central business district, according to […]
Allianz Real Estate, the property arm of the German insurer, has purchased a 50% stake in a 375,000 sq.m. logistics portfolio in China from private equity property firm Gaw Capital Partners and logistics specialist Vialog China. Rushabh Desai (image: Allianz Real Estate) The portfolio features five assets across the cities of Shanghai, Jiaxing, Foshan, Wuhan […]
A group of investors led by Singaporean asset manager Keppel Capital has agreed to buy the Yi Fang Tower in Shanghai’s North Bund area for US$685m (RMB 4.6bn). The commercial property features two 18-storey towers comprising 47,500 sq.m. of office and a 26,900 sq.m. retail podium, Keppel said in an announcement. The consortium bought the […]
Charter Hall‘s PFA fund has purchased two offices in Melbourne and Adelaide for a combined A$275m (US$192.3m), marking its first deals in either CBD market. The fund bought the 737 Bourke Street building in Melbourne for A$192m and the 121 King William Street property in Adelaide for $82.25m, the company announced. Located near Southern Cross […]
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