Here’s how listed real estate investment trusts (REITs) performed across Asia Pacific on Tuesday, 16 June 2020.  Australia A-REIT stocks surged today, with the S&P/ASX 200 A-REIT index rising 3.79% to 1,271.70, and the S&P/ASX 200 index gaining 3.89% to 5,942.30. APN Convenience Retail REIT (AQR) announced plans to raise A$50m through a fully underwritten […]

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Here’s how the real estate investment trust (REIT) markets performed across Asia Pacific on Thursday, 4 June 2020. Singapore BHG Retail REIT (BMGU) announced in a statement that it had terminated its proposed S$455m acquisition of the Badaling Outlets in Beijing due to COVID-19’s impact on the capital markets and the economy. The REIT said […]

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Australian-listed National Storage REIT (NSR) has announced it has received a takeover offer from Warburg Pincus, joining bids from Gaw Capital Partners and Public Storage. NSR is Australasia’s largest self-storage owner-operator, with about A$1.95bn in assets under management. NSR told the market that it had received an unsolicited non-binding proposal from US private equity market […]

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Singaporean-based ARA Asset Management and Canadian institutional investor QuadReal Property Group have acquired an office development in Melbourne, as part of a new Australian joint venture. 200 Victoria Parade The grade-A asset at 200 Victoria Parade, East Melbourne will welcome its first tenants in Q3 2022, the buyers said in a joint statement. Financial details […]

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Assembly Funds Management (AFM) has raised more than AU$150m (US$102.4m) in the first close of its maiden fund, ADPF1, which will invest in real estate debt and equity across Australia and New Zealand. AFM plans to raise a further AU$150m within the next two years from high net worth family offices and institutional investors both in Australia […]

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Here’s how the real estate investment trust (REIT) markets performed across Asia Pacific on Friday, 29 May 2020. Singapore S-REIT shares soared, with the FTSE ST Real Estate Investment Trusts Index jumping 3.81% to 821.86. US-focused S-REITs led the gains, with Manulife US REIT (BTOU) shares up 10.67% to S$0.83, and Keppel Pacific Oak US […]

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Here’s how listed real estate investment trusts (REITs) performed across Asia Pacific on Friday, 5 June 2020. REITs in Japan Shares in Mitsubishi Estate Logistics REIT Investment Corp. (3481) rose 1.06% to JPY 383,000 after announcing that it would join the FTSE EPRA/NAREIT Global Real Estate Index Series from June 19. The REIT said the […]

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Chicago-headquartered LaSalle Investment Management has raised US$681m for its first Chinese logistics-focused fund, according to reports from IREI and IPE. The LaSalle China Logistics Venture (LCLV) fund reportedly received equity commitments from new and existing investors from Europe, Asia and the Middle East. The fund will develop new properties and acquire existing assets in first-tier […]

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The owner of Australia’s Westfield shopping centres, Scentre Group (SCG), has warned shareholders of a 10% fall in the value of its A$56bn portfolio ahead of its earnings set for release later this month.  Scentre owns 42 assets across Australia and New Zealand, offering more than 3.8m sq.m. of retail space and home to over […]

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Shares in ASX-listed Scentre Group jumped more than 4% after telling the market that it had collected A$183m of gross rent in August, representing 86% of monthly gross rental billings for the retail REIT. The A-REIT’s gross rent cash collection fell to its lowest point in April, down to 28% at A$59m, and has climbed […]

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