Australian REIT Dexus and the Dexus Wholesale Property Fund have teamed up to buy an office asset in Melbourne from Brisbane-based QIC Global Real Estate for A$1.476bn (US$1.03bn). The 80 Collins Street precinct comprises 105,000 sq.m. of net lettable area in the CBD, including an existing 47-storey grade A office tower, the buyer said in […]
AXA Investment Managers – Real Assets, the property arm of the French insurer, and an unnamed sovereign wealth fund have purchased a US$1bn logistics portfolio in Japan from logistics specialist ESR. The deal sees AXA IM Real Assets, ESR and the wealth fund team up in a joint venture that will target further investments across […]
Here’s how the real estate investment trust (REIT) markets performed across Asia Pacific on Wednesday, 27 May 2020. Japan J-REITs finished trading slightly higher, with the Tokyo Stock Exchange REIT Index edging 0.75% higher to 1,677.21, in line with the Nikkei 225 Index, up 0.70% at 21,419.23. Nippon Building Fund Inc. (8951) received a JPY […]
Mitsubishi Estate Logistics REIT Investment Corp. (3481) has acquired interests in five logistics facilities across Japan for a combined JPY 28.4bn. The largest deal was a 60% interest in Logicross Nagoya Kasadera, a fully-occupied facility with 37,353 sq.m. of lettable space in Nagoya, Aichi, for JPY 8.7bn. In Osaka, the J-REIT bought a 60% interest […]
Here’s how the real estate investment trust (REIT) markets performed across Asia Pacific on Friday, 22 May 2020. Hong Kong Hong Kong REIT stocks plummeted in Friday trading on China’s plans to impose new national security laws on Hong Kong. The Hang Seng REIT Index tanked 7.88% to 5,389.35, while the Hang Seng Index fell […]
Singapore-listed Frasers Centrepoint Trust is buying the remaining 63.1% stake in the AsiaRetail fund for S$1.06bn in a bid to become one of Singapore’s largest suburban mall owners. FCT is buying the stake from a wholly-owned subsidiary of its sponsor, Frasers Property, in a deal that will expand its portfolio to 11 malls and increase […]
Here’s how the REIT markets performed across Asia Pacific on Monday, 18 May 2020. Singapore The FTSE ST Real Estate Investment Trusts Index closed 1.55% higher to 757.02. Frasers Centrepoint Trust (J69U) shares soared 5.52% to S$2.10, while CapitaLand Mall Trust (C38U) also jumped 4.59% to S$1.82. However, fellow retail trust BHG Retail REIT (BMGU) […]
The Australian arm of Shanghai-listed Poly Developments has agreed to buy a Sydney office tower from Singapore-based SC Capital Partners for A$270m (US$181.6m). 59 Goulburn Street The 26-storey tower, located at at 59 Goulburn Street, has 19,470 sq.m. of net lettable area, reflecting an initial yield of 4.9%, the seller announced. At $13,867 per sq.m., the deal […]
Charter Hall Social Infrastructure REIT (CQE) grew net profit grew 25% year-on-year to A$85.9m during the 12 months to end-June 2020. The REIT recorded A$64.3m in net property income during the 2020 financial year, up from A$59.6m in 2019. The REIT set distribution at 16 cents per unit, with balance sheet gearing of 16.4% and […]
Here’s how the real estate investment trust (REIT) markets performed across Asia Pacific on Wednesday, 20 May 2020. In New Zealand, Argosy Property Ltd (ARG) shares soared 6.51% to NZ$1.145 after reporting net distributable income per share was up 3.7% in its 2020 full year results. The company also confirmed its fourth quarter dividend at […]
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